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Malaysia’s participation in TPPA to lift export for textile industry

Related Keywords: assuming all tariffs are eliminated, due to higher manufacturing exports, first decade of TPPA implementation, gain in GDP, increase in investments, Malaysian particiapation in TPPA, Malaysian textile sector, NTMs, PwC study indicates, register largest gains in exports, rise in exports

Malaysia’s participation in the Trans-Pacific Partnership Agreement (TPPA) would not only see rise in exports by 0.54 percent to 0.9 percent in 2027 mainly due to higher manufacturing exports but increase investments by an additional US$136 billion to US$239 billion over 2018-2027. It is projected to achieve a cumulative gain in gross domestic product (GDP) of US$107 billion (RM458.9 billion) to US$211 billion over 2018-2027, the PricewaterhouseCoopers (PwC) study indicated.

Pakistan textile industry losing opportunity to increase its global market share

Related Keywords: duty on local textile products, GSP Plus status, increase global textile share, incumbent regime allowing Indian yarn imports at 5 percent, Pakistan losing opportunity, Pakistani market a dumping ground, Pakistani yarn exported to India pay 28 percent duty, rise in exports, rising cost of doing business and energy shortage

Pakistan has lost an opportunity for increasing the global textile share, which in turn would have created thousands of jobs and a rise in exports worth billions of dollars. The Pakistani global textile share has fallen from 2.2% to 1.8%, while at the same time, the Indian global textile share rose from 3.4% to 4.7% and that the Bangladeshi global textile share rose from 1.9% to 3.3%.

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