Textile export of the country faces a problem of high export refinance rates at 5 per cent coupled with 13.1 per cent anti-dumping duty and 12 per cent GSP duty , making export items 30 per cent more expensive as compared to those from India, China, Bangladesh, Sri Lanka
and other developing countries.
According to Faiq Jawed, chairman of Pakistan Textile Exporters Association (PTEA) who said that never in the past so many negative factors had been faced by textile exporters simultaneously.
Combined effect of these measures, according to PTEA chief, would result in high cost of production, throwing local products out of competition in the international market.
Jawed said that the exporters had prepared themselves for the textile quota phase by going into value addition and improving their production line by installing latest machinery as well
as adopting quality standards.
Source: Dawn
