Pakistan Textile Industry Growth Slows Down

< p > > Pakistan a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > entrepreneurs urge American businessmen and officials to grant them access to the US market, just as the United States gives other countries the right to admittance.

On the second day of the Palestinian American Association held in Dubai last week, Ahsan Bashir, President of the all Pakistan textile mill Association, said that we do not want any assistance or monetary assistance. We only need a fair access to the US market. Ahsan Bashir,

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< p > the US government has approved 360 preferential access to the United States market for Pakistan products.

But this entry list does not include a single textile category. He added that textile exports are our export pillars. These 360 products export to US $100 million annually, while Pakistan's total exports to the US are US $3 billion 800 million, so the concession of 360 products is meaningless.

The concession that has an impact on Pakistan's economy is meaningful.

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< p > Bashir said that the United States imported 100 billion US dollars of textiles and < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a >.

Pakistan's share is only around 30%. India has a 6% market share in the US market and China's share is 40%.

He quoted us statistics that the United States imported $27 billion of textiles from the preferential / duty-free market access countries.

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< p > although the tariff is as high as 23%, Pakistan's textile exports to the United States still amount to about 3 billion US dollars. In the total amount of 3 billion 800 million dollars exported to the United States, Bashir said that knitwear is the only product that exceeds 1 billion dollars, the export of bedding is 590 million dollars, the clothing is 390 million US dollars, the bath towel is 360 million dollars, the yarn and the fabric are 110 million dollars.

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Pakistan insiders said that the US market access to Pakistan will not affect the local US textile industry, because Pakistan exporters share the duty free textile market access with many other countries.

In view of Pakistan's strategic position, entrepreneurs in Pakistan and the United States should cooperate in promoting the link between the United States cotton and the Pakistan textile industry.

The leaders of the two countries also sought support from the US government and the private sector for Pakistan's textile industry to improve Pakistan's impression of the US market.

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Amir Amir Fayyaz, the convener of the Pakistan Textile Mills Association (APTMA), said that in addition to facing market access problems, Pakistan is also facing serious energy shortages, insufficient utilization of capacity, domestic and foreign investment evasion, and the pfer of housing to the competitive economy due to tourism advice and security issues, resulting in foreign buyers unable to visit Pakistan and other issues. P

But the textile industry in Pakistan is still alive and still alive.

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< p > because of the above problems, the growth of Pakistan's textile industry has slowed down.

According to global statistics in the past 7 years, the export of Pakistan's most advanced basic textile industry has increased by less than 20%, while regional competitors, such as India, have increased by 45% over the same period, China's exports have increased by 95% and Bangladesh has increased by 120%.

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