Pakistan hopes to develop new textile
capacity with China
Commercial Counselor of the Embassy of Pakistan in Beijing Naeem
Khan said that Pakistan hopes to develop new textile capacity
with China. Pakistan's exports to China soared in 2005 and 2006,
mainly due to two textile categories - cotton yarn and coarse
cloth. Exports of the two products declined by 18% and 20% in
2008-09, but still accounted for 60% of Pakistan's total
exports.
In the era of globalization, textile production in high-cost
countries such as countries in the European Union, Japan and the
United States continues to decline, which provides a good
opportunity for Pakistan under Pakistan-China Free Trade
Agreement.
Pakistan is the world's fourth largest cotton-producing
country, 58% of national export value comes from textile
industry. According to Pakistan's new textile policy, the
government plans to build more industrial parks and develop
industrial clusters zone; at the same time, Pakistan will
provide incentives to encourage and promote local enterprises in
establishing joint ventures with international brands, develop
production of textile machinery and supporting industries, such
as dyes and auxiliary equipment industries, etc. These measures
should become a driving force to promote textile cooperation and
collaboration between Pakistan and China.
Therefore, textile industries in Pakistan and China can
strengthen cooperation in product development and more effective
application of technology, in order to improve efficiency and
productivity, provide consistent production standards, shorten
development cycle, thus comprehensively boosting production
capacity in supply chain, strengthening operations, constructing
logistics capacity, IT infrastructure and standardization.
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