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Pak to continue GSP plus benefit, look beyond textile sector

Related Keywords: business community, currency fluctuations, EU Ambassador to Pakistan, improve export secenario to EU, invest in other areas, Jean Francois Cautain, look beyond textile sectors, low quality of exports, overdependence on textile, Pakistan share in EU market, Pakistani government, stagnant, textile exports registered decline

Pakistani government and the business community to improve the export scenario to EU need to look beyond the textile and leather sectors, invest in other areas, said European Union (EU) Ambassador to Pakistan Jean Francois Cautain while talking to The Express Tribune.

Cautain emphasised on breaking away from past trade stereotypes and explore opportunities in other sectors besides textile and leather, in a bid to take advantage of the GSP Plus scheme which came into effect from January 2014, Pakistan gained duty-free access to the EU on certain products.

Order for Italian textile machinery increased from foreign markets but domestic market stagnant

Related Keywords: domestic market, foreign market, Italian companies, Italian textile and garments industry, Italian textile machinery manufacturers, ITMA 2015, President of ACIMIT, Raffaella Carabelli, rise in orders, stagnant, textile machinery

Italian textile machinery manufacturers witnessed rise in orders for the third quarter of 2014 compared to the previous quarter, due to the demand from foreign markets.

The rise in orders is limited to foreign markets, where for the period taken into consideration an increase of 9% was reported while the domestic market remains stagnant.

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