GSP plus status may result 20 percent raise in exports

GSP plus status by the European Union for Pakistani textile exports is expected in February next resultantly volume of textile exports to Europe could increase 20 percent. Indian and Bangladeshi objections have been removed in this regard and the objections of South American countries will also be removed soon, said Tariq Iqbal Puri, Chief Executive Trade Development Authority of Pakistan addressing textile exporters at Pakistan Textile Exporters Association today.
Tariq Puri said to face the challenges of current world economic recession, increase in national exports is the need of the hour and Trade Development Authority is playing a proactive role in this regard. He said although textile sector is passing through very hard time yet Pakistani exporters have crossed export volume of 25 billion dollars last year. All credit goes to the exporters who have done very well. Last year knitwear sector was entered into rehabilitation process but, unfortunately, all efforts in this regard went fruitless declining trend in exports was observed, he said. Holding meetings with trade associations was the ongoing process to get the accurate information about our exports and problems so that we could help our exporters to increase our national exports, he said.