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Industry News | Time: Nov 19 2019 3:03PM
The second phase negotiation of FTA will promote exports of Pakistani textiles to China
 
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Pakistan's prime minister Dawood said at the opening ceremony of the 35th International Apparel Federation world Apparel Conference, the second phase negotiation of FTA will come into force soon, which will provide a rare opportunity for Pakistani apparel export to China, The Express Tribune reported on Thursday.

Dawood said that increasing exports is one of the core Pakistani economic policies, and Pakistan will overcome trade and current account deficits by expanding exports to promote economic development. After the implementation of the second phase of the China-Pakistan FTA, all major export products, especially textile products, will be more easily accessible to Chinese market. Chinese textile mills are exploring opportunities for cooperation in the textile sector in Lahore and Faisalabad, as well as setting up branches in some regions. He also said that with the strong support of the government, Pakistani apparel industry has continued to develop and its exports have increased steadily. Pakistani apparel industry is strengthening its R&D and production of high value-added products.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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