Pakistan Textile Industry Welcomes Spring Through East Wind

< p > > Pakistan a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a > industry has finally welcomed the long-standing GSP plus status. When the European Commission announces the entry into force at the end of this month, nearly 90% of Pakistan's European textile and apparel products can enjoy tariff preferences. At that time, the cotton, cotton yarn, towel and other products of Pakistan textile industry will compete with other Southeast Asian countries at a lower price advantage. According to the prediction of the Pakistan Textile Mills Association, 4 years later, the annual export volume of Pakistan textile industry can be doubled under the special care of the European Union from the current US $13 billion to US $26 billion. In the cold season of international market, the warm spring of Pakistan textile industry seems to have arrived ahead of schedule. However, whether Pakistan's textile industry can turn the new chapter into full play is still constrained by multiple factors. < /p >
< p > China's market share in the global textile trade is US $300 billion. In the past two years, due to the rising cost of production and other factors, China's textile and garment industry has nearly 30 billion dollars of market share occupied by Southeast Asian countries. Often looking at the reports of foreign textile media, we can always feel the ambition of Southeast Asian countries to buy and sell low-end orders. Among them, Pakistan businessmen are particularly low-key. Bangladesh textile industry has said that Bangladesh, Vietnam, Kampuchea and Sri Lanka have become the beneficiaries of the global textile industry's re division of labor, while Pakistan has been excluded. The main reason is that the above countries enjoy zero tariff concessions from developed countries. < /p >
After the release of the EU resolution, < a href= "//www.sjfzxm.com/news/index_p.asp" > Pakistan < /a >, the industry applauded and thought that after gaining the GSP status, the overall export of Pakistan's textile and garment industry is expected to increase by nearly US $700 million to US $~10 billion, creating about 1 million new employment opportunities in Pakistan, promoting the development of the textile industry and improving the national economy. < /p >
< p > textile industry is a pillar industry of Pakistan's exports, accounting for 55% of its total exports and 39% of industrial jobs. In the past 20 years, the Palestinian government rarely invested heavily in infrastructure development, resulting in backward infrastructure. Since 2008, the economic growth in Pakistan has slowed down. The funds for public sector development projects for infrastructure construction are seriously insufficient, and the dependence on foreign aid and loans is relatively high. Therefore, in recent years, few foreign traders have heard about investment in Pakistan. Despite the recent economic growth in Pakistan, its absolute size is relatively small compared with other countries, and its economic operation is not stable and implies certain variables. In addition, due to the lack of skilled labor skills, low labor productivity and lower a href= "//www.sjfzxm.com/news/index_s.asp" and competitiveness less than /a, it has a certain negative impact on the textile industry of the country. < /p >
< p > especially attention should be paid to the shortage of natural gas, electricity and water resources in Pakistan. In recent years, the supply of natural gas in textile factories in Punjab has been sharply reduced, from 302 days in 2008 to 114 days in 2013. In some factories, blackouts are also a common occurrence. Quite a few textile enterprises use their own gas or fuel to generate electricity, which greatly increases the cost burden. Constrained by tight energy resources, even if factories can get large quantities of orders, the production capacity can not be released normally, which may eventually lead to prolonged delivery and affect the credibility of enterprises. < /p >
Compared with other Southeast Asian countries, Pakistan textile industry has a unique raw material advantage. Under the impetus of EU GSP plus treatment, if Pakistan textile enterprises can seek stable energy supply plan and strengthen infrastructure construction, perhaps the spring of textile industry will soon arrive at P. < /p >