farhan_9909
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ISLAMABAD
The exports from Pakistan to European Union (EU) during the first two months of implementation of GSP Plus have showed northward trend, said the Minister for Commerce Engr. Khurram Dastgir Khan in a statement while revealing the statistics of trade.
According to sector-wise trade analysis of exports to EU during January-February 2014 there has been a substantial increase of 30.68pc in textile garments from last year's exports in January-February. The total exports of textile garments during the first two months of last year stood at $342 million while they jumped to $446.91 million during the same period this year posting an incredible increase of $104.91 million.
Similarly, the volume of exports of home textiles to EU in January-February 2013 was to the tune of $214.18 which increased to $274.47 million during the first two months of this year making a remarkable addition of 28.15pc in trade volume in this sector.
The leather and carpets sectors were also successful in making a strong mark and enhanced their share in the European market after the grant of GSP Plus since 1st January 2014 as they managed an increase of 15.20pc and 12.79pc respectively during January-February 2014 compared with the same period in 2013. The leather sector exported goods worth of $25.46 million in Jan-Feb 2014 while they could manage exports of about $22.10 million in Jan-Feb 2013. Similarly, during the same period last year the carpet sector fetched $8.76 million of foreign exchange while they leapt to $9.88 million this year.
Commenting at this substantial increase in exports as a result of GSP Plus, Dastgir said that the fruits of successful economic diplomacy of the present government have become visible and the economic indicators have started to show positive trend. The Minister was of the view that numerous opportunities have presented themselves to Pakistani exporters as a result of trade negotiations with different countries and trading blocs and the Government is encouraging Pakistani exporters to make the best use of them.
He said that the Government is working hard to enhance Pakistani exports to EU in the non-traditional sector as well. The Treaty Implementation Cell established on the directions of the Prime Minister shows Government's earnest resolve to achieve maximum benefits out of such trade arrangements, the Minister said
Garments export to EU up by 30.68pc
The exports from Pakistan to European Union (EU) during the first two months of implementation of GSP Plus have showed northward trend, said the Minister for Commerce Engr. Khurram Dastgir Khan in a statement while revealing the statistics of trade.
According to sector-wise trade analysis of exports to EU during January-February 2014 there has been a substantial increase of 30.68pc in textile garments from last year's exports in January-February. The total exports of textile garments during the first two months of last year stood at $342 million while they jumped to $446.91 million during the same period this year posting an incredible increase of $104.91 million.
Similarly, the volume of exports of home textiles to EU in January-February 2013 was to the tune of $214.18 which increased to $274.47 million during the first two months of this year making a remarkable addition of 28.15pc in trade volume in this sector.
The leather and carpets sectors were also successful in making a strong mark and enhanced their share in the European market after the grant of GSP Plus since 1st January 2014 as they managed an increase of 15.20pc and 12.79pc respectively during January-February 2014 compared with the same period in 2013. The leather sector exported goods worth of $25.46 million in Jan-Feb 2014 while they could manage exports of about $22.10 million in Jan-Feb 2013. Similarly, during the same period last year the carpet sector fetched $8.76 million of foreign exchange while they leapt to $9.88 million this year.
Commenting at this substantial increase in exports as a result of GSP Plus, Dastgir said that the fruits of successful economic diplomacy of the present government have become visible and the economic indicators have started to show positive trend. The Minister was of the view that numerous opportunities have presented themselves to Pakistani exporters as a result of trade negotiations with different countries and trading blocs and the Government is encouraging Pakistani exporters to make the best use of them.
He said that the Government is working hard to enhance Pakistani exports to EU in the non-traditional sector as well. The Treaty Implementation Cell established on the directions of the Prime Minister shows Government's earnest resolve to achieve maximum benefits out of such trade arrangements, the Minister said
Garments export to EU up by 30.68pc
