FTA & other factors to reduce textile export gains: ADB
15 Apr '06
2 min read
The textile sector benefited when developed countries opened their markets for these exports.
Export data for 11 months from January 2005 show that exports rose over 20 percent year on year. Bedlinen leading with receipts surging by 45 percent to $1.7 billion year on year. Volume growth registered an increase of 48 percent.
This was achieved despite the 13.1percent antidumping duty imposed by the EU.
The second largest contributor was cotton cloth, with exports climbing by 30 percent to $2.1 billion.
The third largest contributor was readymade garments, with exports jumping 54 percent to $1.3 billion, but knitwear and synthetic textiles registered a fall.
Pakistan's share in the EU declined by 0.6 percentage points to 3 percent in 2005 but increased marginally by 0.2 percentage points in the United States market.
Its competitor, Peoples Republic of China's share rose by 7.6 percentage points in the EU and by 6.7 percentage points in the US in exports of textiles.
India gained 0.7 percentage points and 0.8 percentage points, respectively.