Pakistan’s fabric exports to Turkey has been affected after the latter increased duties from 6.4 per cent to 18-26.4 per cent, giving preferential treatment to Turkish industries and negating the spirit of free trade agreement (FTA) between the two, according to Syed M Ali Nasir, acting president of the Federation of Pakistan Chambers of Commerce & Industry.
Signing an FTA without any benefit to the biggest export industry of the country will be an exercise in futility, a leading Pakistani newspaper quoted Nasir as saying. Turkey has offered generalised system of preferences (GSP) plus benefit to many countries, but not Pakistan, he said.Pakistan's fabric exports to Turkey have been hit after the latter increased duties from 6.4 per cent to 18-26.4 per cent, according to the Federation of Pakistan Chambers of Commerce & Industry. Nepali yarn exporters are also troubled after Turkey imposed stricter import provisions for Nepali yarn, alleging that Nepali traders were exporting foreign yarn.#
Yarn exporters in Nepal have also been facing hassles for the past few weeks after Turkey imposed stricter import provisions for Nepali yarn, alleging that Nepali traders were exporting foreign yarn under Nepali brand names.
The Turkish government has also slapped anti-dumping duty on Nepali yarn based on the above allegations, which has made Nepali yarn producers anxious, according to a top newspaper in Nepal.
To refute Turkey’s allegations, the Nepal Yarn Producers Association and the Nepali Government authorities recently inspected yarn producers and found that Nepali traders and yarn manufacturers had been exporting genuine domestically produced yarn.
Meanwhile, a delegation from Nepal is likely to visit Turkey soon to discuss the issue with Turkish authorities. (DS)
ALCHEMPro News Desk – India
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