The Commercial Counselor of the Embassy of Pakistan in Beijing, Naeem Khan said recently that, Pakistan hopes to develop new textile capacity with China. Pakistan's exports to China soared in 2005 and 2006, mainly due to two categories imported by Chinese - cotton yarn and coarse cloth. Exports of the two products fell down by 18 percent and 20 percent in 2008, but still accounted for 60 percent of Pakistan's total exports to China.
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 and close down, which provides a good opportunity to the development of textile industries between China and Pakistan under Pakistan-China Free Trade Agreement.
Pakistan is the world's fourth largest cotton-producing country and 64 percent 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.
Fibre2fashion News Desk - India
marketing@alchempro.com
