Related Keywords: carpet and rug, cotton and intermediary goods of textile, depreciation of euro against dollar, dip in export of textile garment, failed to boost dwindling exports, home textile, indicating preferential market access, non textile sector, Pakistan exports to European Union, plunged by twelve percent, recession in EU, two reasons for the decline
Pakistan’s exports to the European Union (EU) in the first 11 months (January-November) of 2015 has plunged from $6.96billion to $6.13 billion in the same period last year, a drop of 11.93 percent, indicating that the preferential market access has failed to boost dwindling exports.
The commerce ministry listed two reasons for the decline: the recession in EU and depreciation of the euro against dollar.
Exports of textile garments dropped to $2.289bn from $2.291bn. Home textile exports dipped 8.51pc to $1.461bn from $1.597bn in January-November 2014.
