Our business is going through a transitional period. The transition is from the quota regime to the non-quota regime. The barriers of tariff, anti-dumping duties and safeguard measures are being and will used to control trade. The transition pains are evident in the cool response of the buyers while placing orders with us.
Very little traffic of new buyers has been observed so far. Factories are running below capacity. Optimist would see this as the clam before the storm. Pessimist would view this as a proverbial writing on the wall. One thing that we are certain is that in the next six months one view or the other will prevail. We are cheering for the optimists.
By holding export excellence award every year, PRGMEA tries to recognise and appreciate the efforts of the leaders in our business - Companies that blaze the trail for others to follow.
These are the people that keep the buyers interested in our country and bring in new buyers for further business. They will now have to steer our ship to safely through the transitional period.
I congratulate them all and wish them luck.
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