Within 5 Years, Pakistan'S Textile Industry Doubled Its Exports.

< p > > Pakistan a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > association chairman Siddik said that in January 2014, the EU will grant Pakistan GSP Plus treatment, in which rupee continues to depreciate. Under the combined action, the total export volume of textiles will reach 15 billion US dollars in 20103-14.

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P, however, Siddik also expressed his doubts that the rise in the price of electricity and oil and gas resources might offset the above good stimulus.

Siddik pointed out that the treatment of GSP Plus will boost exports of high value-added products and semi-finished products in Pakistan.

Last year, Pakistan exported 13 billion US dollars of textiles.

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< p > since the beginning of 2013, the local currency has depreciated 8% against the US dollar, and has made good exports.

In the past two months, the exchange rate has accelerated and depreciated by nearly 4%.

Textile exports account for more than 50% of the total exports of the country, and textile exports will grow rapidly in 2013-14.

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< p > analysts believe that Pakistan's textile exports benefit from two aspects.

First, China is focusing on the development of hi-tech industries, weakening the textile industry, increasing demand for cotton yarn, and mainly relying on imports.

Secondly, Bangladesh as China's second largest a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a > export power, exports continued to weaken.

The country is faced with a severe test of weak infrastructure.

However, Pakistan faces fierce competition from India in the export market.

India is the third largest textile exporter in the world and expects to export US $17 billion of textiles this year.

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< p > entrepreneurs say that the rising tax rate of oil and gas resources and the rise in electricity prices will bring down the profits of enterprises.

Taking advantage of the above advantages and disadvantages, analysts are still optimistic about the profitability of the textile industry.

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< p > Pakistan has been expecting support from the US tariff free policy. Palestine expects to occupy a place in the United States, the largest textile trade market in the world.

Under the influence of the International Labour Association, the US government is considering removing the GSP Plus treatment in Bangladesh.

This is also good news for Pakistan's textile industry.

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< p > > a href= "//www.sjfzxm.com/news/index_p.asp" > Pakistan < /a > occupies only 1.5% of the total textile trade in the world, and the industry has larger growth space.

Analysts expect Pakistan textile exports to double to $26 billion in 5 years after being authorized by GSP Plus.

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