Mr. Jamshaid Hanif, Managing Director, M/s. Pensy Garments (Pvt) Ltd Lahore who is also one of the recipient of 7th Export Excellence Award Trophies 2004 in discussions said that post-Textile Quota free exports to Europe, USA, Canada and other continents has created a very uncertain situation even to those SMEs who have strived hard over SMEs who have strived hard over the last few years to compete in quality and competitiveness with exporters of India. Bangladesh, Sri Lanka and China too.
He said that due to the fact that WTO's directions to abide by Social Compliance procedures, environmental issues and side-by-side buyers insistence to reduce prices of exportable products need to be attended and there is immediate need for SAARC countries to discuss the problems at length and formulate a agreeable strategy to face exports by China and India etc.
As to how to meet the exports by China in particular. Mr. Jamshaid also mentioned that infrastructure layout in emerging industrial areas in the country and stability in utilities charges is also extremely necessary to workout appropriate FOB prices while sending invoices to the buyers.
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