The nation’s textile export to Turkey has dropped by nearly 50 p.c to round $500 million from $1 billion after the latter imposed safeguard duties to guard its home trade.
In a gathering with officers of the Textile Ministry on Saturday, Pakistan Readymade Clothes Producers and Exporters Affiliation (PRGMEA) stated Pakistan’s bilateral commerce with Turkey grew at good tempo and crossed one billion greenback mark in 2010-11, but it surely declined by $500million after the imposition of safeguard duties in August 2011.
As each international locations are engaged in talks over Free Commerce Settlement (FTA), Pakistan Readymade Clothes Producers and Exporters Affiliation urged the federal government to persuade Turkish authorities to waive SMD of 42.2 p.c which Turkey has positioned on Pakistan’s attire imports.
Pakistan Readymade Clothes Producers and Exporters Affiliation Central Chairman Ijaz Khokhar stated Turkey had positioned the additional customs responsibility on attire imports from Pakistan, hampering mutual commerce progress.
He stated Turkey has no threats from Pakistan clothes because it manufactures 95 p.c of vogue and informal wears.
Unique customs responsibility is 9.2 p.c on garment merchandise, together with denim, martial arts uniforms and home-textiles however 42.2 p.c SMD elevated the levy to 52 p.c which is simply too excessive to afford on the world market.
Addressing the assembly Vice Chairman PRGMEA stated Pakistani material exporters pay 35 p.c whole customs responsibility with extra 28.6 p.c SMD on the import stage in Turkey, including that the upper duties must be dropped at the unique measurement to assist increase each nations’ mutual commerce.
“Abolition of SMD will assist Pakistani exporters attain Central Asian and Japanese European nations with their garment items in addition to taking its commerce with Turkey to a billion greenback.” The assembly was attended by the Government Committee, Central Chairman Ijaz A Khokhar and Vice Chairman Naseer Malik.