Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has called the Government to seek duty free access facility from China for value-added textiles.
Speaking on Pakistan Premier’s visit to China, Muhammad Jawed Bilwani, Central Chairman, PHMA, said that the country can achieve big in value-added textile exports keeping in view China’s import of finished textiles from the world to the tune of US $ 7,000 million.
He further added that Pakistan’s export to China stands only at US $ 100 million despite both the countries having signed Free Trade Agreement (FTA) in 2016. “Pakistan should export value-added garments to China on zero per cent duty that is on par with ASEAN nations,” reiterated Javed Bilwani.
Before the FTA was signed, China’s export to Pakistan was US $ 4.24 billion and Pakistan’s export to China was US $ 1 billion. In 2017 (after the FTA), the figures were, respectively, US $ 18.25 billion and US $ 1.83 billion.
In 2011, EU granted trade concession to Pakistan on 75 products and now the country expects the same from China.