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Related Keywords: cotton corporation of India, Cotton fibre, cotton imports, hike in local prices, increased exports, increased shipments, India's cotton purchases, marketing year, Pakistan

Cotton crop failure in Pakistan has led to coercion for the nation to raise its imports following the hike in local prices. This has profited the world’s largest producer of the cotton fibre. The Indian Government’s cotton purchases are to plummet to 89% due to the increased exports in the 2015-16 marketing year.

B.K. Mishra, chairman and managing director of the state-run Cotton Corporation of India (CCI) said that prices have been moved above the MSP (minimum support price) level in most states and farmers are selling to private players.

Related Keywords: bilateral trade, business climate, largest trading partner, Pakistan, Pakistan total export, public sector enterprise, Textile, trade regime, UAE

The UAE is Pakistan’s largest trading partner. Trade between the two countries can expand further if there is improvement in the business climate, the trade regime, and public sector enterprises to increase foreign and domestic private investment and boost economic growth, said Ashraf Wathra, Governor of State Bank of Pakistan at the conference held in Dubai by IMF and Pakistan Minister of Finance.

The bilateral trade between UAE and Pakistan stood at $9 billion (Dh33.03 billion) in 2014 and there is a vast potential to boost trade and business relations between the two countries.

Related Keywords: energy crisis, Kanati Co., moving out of Pakistan, Pakistan, unfriendly business environment, Walt Disney, Western companies, World Bank

It is the ease of conducting business more than just the increasing cost of doing business that is forcing many western companies to drive away from Pakistan. Many companies find problems with the speed in which tasks are accomplished in Pakistan. With an energy crisis leaving many without power for hours a day and oil and gas shortages as just the tip of the iceberg; it is corruption that many are finding a problem in Pakistan.

Related Keywords: Canadian based clothing company, custom headwear service, Kanati Co, Made on demand service, new facility, Pakistan, state of the art machinery, supply chain disruption

Kanati Co., a Canadian-based clothing company plans to run all operations domestically from Waterloo, Ontario having realized that they were spending far too much time, effort and money in Pakistan as they can no longer wait and hope for improvement in Pakistan.

The stability of the country and supply chain disruptions was key reasons for the company to close doors overseas. As an organization that serves clients globally, they can’t afford the disruption and down time in Pakistan.

Related Keywords: bilateral trade, Chenab processing unit, Faisalabad Expo, FCCi, GSP Plus status, invest in Pakistan, local business community, Pakistan, Textile production, to boost trade, to play dynamic role, touch Pound 3 billion, United Kingdom

United Kingdom High Commissioner Philip Barton addressing the business community at Faisalabad Chamber of Commerce and Industry (FCCI) in Faisalabad on Monday emphasized that the local business community need to play dynamic role to augment Pak-UK bilateral trade to 3 billion pounds by end of 2015.

Mr Barton said that more than 100 British companies were already working in Pakistan, adding that he would strive to convince others to come and invest in Pakistan.

He also expressed satisfaction over the increase in Pakistani exports to European Union after the grant of GSP Plus status.

Related Keywords: ASEAN countires, broaden export base, China, concession on high value products, Free trade agreement, mutual benefit basis, Pakistan, PCFTA

Pak-China Free Trade Agreement (PCFTA) has been in effect since 2006. The two countries Pakistan and China held talks on Monday to review the performance of the PCFTA and to put forward necessary changes required in the FTA which will be beneficial for the two countries. This was the third meeting of the second phase negotiations of the agreement.

During the PCFTA review, the Ministry of Commerce (MoC) expressed its concern over the insufficient utilization of the facilities provided under the PCFTA in which only few sectors have been able to take advantage of the favorable tariffs.

Related Keywords: agri product, bilateral trade, Consul General of Switzerland, Emil Wyss, exchange of delegation, international trade fair of Switzerland, Pakistan, Pakistani business community, Switzerland, Textile, trade potential

Pakistan and Switzerland are facing bilateral trade deficit, despite enormous trade potential between Pakistan and Switzerland. Consul General of Switzerland Emil Wyss during his visit to Pakistan Chemical & Dyes Merchants Association encouraged the Pakistani business community to augment the exports of textile and agriculture products to Switzerland.

Related Keywords: Australian government, Australian High Commissioner, bilateral relations, business opportunities, change tariff regime, import of Pakistani textile, Pakistan, Pakistan Australia Business Forum, Pakistani business community, Peter Heyward, textile field

Australian High Commissioner to Pakistan Mr. Peter Heyward at the Pakistan Australia Business Forum (PABF) said that the government of Australia intends to facilitate Pakistan by changing its tariff regime by greatly cutting tariffs on the import of Pakistani textiles beginning next year. The maximum tariff to be imposed would be five percent.

This step would also help Pakistan in balancing its trade which is still in favour of Australia

Related Keywords: APTMA, conduct research study, finest textile product, IBA, increase market share, Indian, initiative on trade, Pakistan, Pakistan textile industry, policymaker, regional competitiveness, regional integration, South Asia, Textile and Clothing industry, World Bank

The Institute of Business Administration (IBA) to conduct research study under the regional competitiveness initiative on trade between Pakistan and India in the textile and clothing industry. The research project will be sponsored by All Pakistan Textile Mills Association (Aptma) and the World Bank.

The team consists of prominent economists and experts on the textile sector and from the field of international trade. IBA is conducting this research work in the national interest of Pakistan.

Related Keywords: Bangladesh, China, Cotton Advisory Board, cotton bales, cotton export, cotton exporter, cotton price, new cotton season, Pakistan, Southeast Asian markets, Thailand, Vietnam spinning cotton

With the new cotton season (Oct-Sept) beginning, cotton exports in the country have started to pick up but it is unlikely to meet the estimates of 9 million bales put forward by the Cotton Advisory Board for the 2014-15 cotton season.

According to Prerana Desai, head of research with Edelweiss Commodities they see exports almost 20% lower than what has been estimated by CAB as China, a big buyer is facing slow down and there local Government is pushing for use of higher local material. However, two third of India's cotton exports still directly destined to China.