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Related Keywords: All Pakistan Textile Mills Association, basic textile raw materials cotton and PSF, cotton, domestic polyester manufacturers, entire textile export value chain, global market players, man-made textile products, manmade textiles, polyester fiber chain, Polyester prices, polyester staple fibre, PSF, PTA and PSF plants, PTA plant, raw materials, synthetic market, Textile exporters, yarn manufacturers

The yarn producers have urged the government to reduce import duties on the import of PSF from existing 7 percent to 2 percent as polyester prices have almost doubled in the last year. The meeting was also of the view that one of the main causes of the non viability of domestic polyester fiber chain is the protection extended to the obsolete PTA plant over the last 25 years.

Related Keywords: Goods and Services Tax, GST and IGST claims, mandi tax, refund of embedded taxes, Refund on State Levies, stamp duties on export documents, Textile exporters, Textile Industry

Ujwal Lahoti, chairman, Cotton Textile Export Promotion Council said that, “Some policy measures like refund of embedded taxes (also recognised by the Economic Survey for 2017-18), extending the ROSL scheme which refunds state levies like value added tax and generation of captive power, mandi tax, duty on electricity, stamp duties on export documents, etc, and to expedite the refund of pending GST and IGST claims, and ROSL of exporters need to be considered on priority basis.”

Related Keywords: additional rupees six billion, enhannce export competitiveness, improved export infrastructure, institutional strengthening, over next three years, Pakistan government, response to emerging international changes, spend rupees twenty billion, Textile exporters, through Textile Policy, under the Strategic Trade Policy Framework

The Pakistan government in response to emerging international changes has decided to spend Rs20 billion over the next three years under the Strategic Trade Policy Framework (STPF) 2015/18 to enhance export competitiveness and institutional strengthening, sources in the Commerce Division said on Saturday.

Related Keywords: Chinese textile buyers, Chinese textile exhibitors, Chinese textile sourcing, domestic textile buyers, Fabric & Accessories, Indian textile industry, international textile market, textile buying houses, textile exhibitions in India, Textile exporters, textile sourcing, Yarn trade show, yarns and fabric buyers, yarns and fabric suppliers

A clutch of several Chinese exhibitors will set up stalls showcasing yarns, fabrics and garment accessories at a special Chinese Pavilion at the upcoming second edition of the Yarn, Fabric & Accessories Trade Show (YFA) Show which will run from November 23 (Wednesday) to 26 (Saturday), 2016.

To add an icing to the cake, Prime Minister Shri Narendra Modi in a letter to the organizers expressed his happiness on the organization of the YFA 2016 show and sent his best wishes to the organizers and participants.

Related Keywords: All Pakistan Textile Mills Association, DLTL scheme, government declaring zero rated tax regime, levies, lose markets internationally, make exports costlier, Pakistan textile industry, presumptive taxes, regional competitors, substantial drop in textile exports, surcharges and cess, Textile exporters, various taxes

The Pakistan textile industry likely to lose markets internationally despite government declaring zero rated tax regime, because of various taxes, levies, presumptive taxes, surcharges and cess, makes the exports 10 to 15 percent costlier against the regional competitors.

Pakistan's exports have come down by 12 percent against over $13 billion last fiscal year due to the incidentals of various taxes, levies and surcharges.

Related Keywords: broiler business, cotton import, lorry strike in India, textile business in india, Textile exporters, vegetable market in Coimbatore

The nation-wide strike by lorry owners, which started on Thursday, created problems for textile business as well. The textile product movement to and from the units faced hindrances because of the strike.

Few mills that had imported cotton found it difficult to transport it to the unit from the port due to the strike, said M. Senthilkumar, Chairman of Southern India Mills’ Association.

Likewise, exporters were unable to dispatch the products from their units. The Centre should intervene immediately, he said.

Related Keywords: Chinese textile products l, fabric and garment, free trade agreements (FTA), hurting the Indian textile industry, Narendra Modi, Prime Minister, reduction in duty free scripts benefits, Textile exporters, top business heads of the textile industry

At a time when dumping of Chinese textile products like fabric and garment have been hurting the Indian textile industry with lack of free trade agreements (FTA) and reduction in duty free scripts benefits for textile exporters, a meeting was held on 8th Sept between the Prime Minister, Narendra Modi and top business heads of the textile industry to discussion over the issues faced by them and are expecting the central government to take quick action.

Related Keywords: APTMA, business advisory council, delayed refunds, double exportsbusiness advisory council, facillitate exporting sectors, lack of global orders, make exports zero rated, market access, Pakistan commerce ministry, policy flaws, Textile exporters, through incentives, viable long term policy

Commerce Minister Khurram Dastagir after his separate meetings with the All Pakistan Textile Mills Association (Aptma and carpet exporters on Monday said that the government after two years of consolidation was now in a position to facilitate the exporting sectors through incentives, market access and a viable long-term policy.

Related Keywords: Confederation of Indian Textile Industry, Cotton Textiles Export Promotion Council, foreign trade policy, ignored cotton yarn sector, Indian textile industry, not address sector specific issue, on FTA, proposal to focus, second largest employment provider, SIMA, tariff reduction, Textile exporters, Textile mills

Textile industry is the second largest employment provider in the country and whose contribution to the country’s growth has been well recognized. But in terms of strengthening the manufacturing base, promoting exports and generating employment, has not got its dues in the Foreign Trade Policy. Textile mills have expressed disappointment over the foreign trade policy announcement as it does not address some of the sector-specific issues. While, Textile exporters feel let down by the new foreign trade policy (FTP), which they said has ignored the cotton yarn sector

Related Keywords: Ambassador of Nepal, economic ties, Pakistan and Nepal, promote bilateral business, PTEA, regional trade, tariff measures, Textile exporters, trading restriction

Pakistan and Nepal need to focus on the promotion of bilateral business relations ensuring continued partnership for progress. The Ambassador of Nepal Bharat Raj Paudyal addressing the members of Pakistan Textile Exporters Association (PTEA) said that economic ties between the two countries can be enhanced to the best possibility.

Improved regional trade will trigger pace of development in the whole SAARC region. Nepal greatly valued its relations with Pakistan that were based on mutual respect, trust and shared perceptions on regional and international issues.