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Related Keywords: Commerce Minister, European Union, Garments, GSP Plus status, home textile, Khurram Dastagir, Pakistan export, Pakistan textile exports, preferential tariff, towels

Pakistan’s exports to the European Union during the first 10 months (Jan-Oct) of 2014 advanced by 20 percent to $6.38 billion compared to the same period last year’s $5.3 billion was disclosed by Commerce Minister Khurram Dastagir during a seminar.

Dastagir said that the preferential tariff scheme boosted export of textile, leather goods, footwear and plastic products.

Pakistan’s textile exports to the EU increased from to $4.4bn from $3.6bn. The exports of garments grew by 28percent, home textiles by 30percent and towels by 23percent.

Related Keywords: European countries, GSP Plus status, Pakistan export, textile export, textile intermediary, trade preference

Pakistan witnessed export growth of $333.18 million (15.76 percent) to 28-member European countries- European Union (EU) under the autonomous trade preferences on 75 products in the first four months from January to April 2014. The sector wise break up of exports revealed textile remained the major beneficiary of the GSP plus arrangement.