Chairman, Faisalabad Dry Port Trust, Sheikh Ashfaq Ahmed has hailed the European Union decision to abolish Anti-Dumping Duty on Export of Bed Linen to European Countries and said that after this long-awaited decision, the Exports of Bed Linen from Pakistan to European Countries would register a sharp increase and become competitive in European Markets.
Talking to newsmen, here Thursday, he said that European Union had imposed 13.1 percent anti-dumping duty on export of Pakistani Bed Linen to Europe in March 2004 which not only made our Exports of Bed Linen un-competitive but also resulted in decline of 9 percent in exports of this Item during 2007. He said that European Union had later brought down this duty to 9.9 percent and 7.6 percent in 2005 but on appeal of Pakistani Exporters, the anti dumping duty was further reduced to 5.8 percent in 2006 and it has now totally been withdrawn.
Sheikh Ashfaq mentioned that over 44 percent requirements of European Countries in Bed Linen are being met by Pakistan and hoped that abolition of this anti-dumping duty, the Pakistani Bed Linen would capture more markets in Europe because these would become more attractive and competitive in these markets.
Commenting over exorbitant increase in the electricity and gas tariff in Pakistan he said that Rupees 1.37 per unit recent increase in the electricity and 15 percent in Gas Rates should have devastating effects on cost of industrial production and result in further decline of our Textile Exports. He made a fervent appeal of Pakistan Government to exempt the Textile Sector and Export-oriented Units from electricity and gas load shedding and ensure 24 hour constant supply of electricity and gas to the industry.
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