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UK govt to give an additional export credit for Pakistan

Related Keywords: export credit, fulfill and get paid for export contracts, help UK exporters win, Meeting between Minister for Commerce and Textile Pervaiz Malik, Pakistan buyers access finance, source high quality UK goods and services, UK government will give an additional £200 million, UK Minister of State for Trade Policy Greg Hands

Following a meeting between Minister for Commerce and Textile Pervaiz Malik and UK Minister of State for Trade Policy Greg Hands, the announcement came on Monday that the UK government will give an additional £200 million export credit to help UK exporters win, fulfill and get paid for export contracts and Pakistan’s buyers access finance to source high-quality UK goods and services.

India sought clarification from the WTO on phasing out the subsidy for textile exports

Related Keywords: export credit, export promotion capital goods scheme, export subsidies, focus market scheme, FPS, India textile industry, Indian textile and garment sector, market-linked FPS, phase out subsidy, WTO rules

India’s textile and garments sector employ over 35 million people and accounts for over 12% of its total exports. The export subsidies offered by India for Textile and Clothing are under certain heads such as the Focus Market Scheme, Focus Product Scheme (FPS), market-linked FPS, Export Promotion Capital Goods Scheme, interest subvention on pre- and post-shipment export credit as well as tax breaks for special economic zones.

Texprocil urges govt to take the edge off the high cost of export finance

Related Keywords: duty on textile machinery, export credit, export finance, export promotion of cotton textile, pre-budget memorandum, Texprocil, textile exports, TUFS

Texprocil, a government constituted body for export promotion of cotton textiles submits to Finance Minister Arun Jaitley in a pre-budget memorandum lists measures which can boost exports and provide employment to over two lakh people in India especially women.
 

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