Page 11 - May-June-2019

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Pak encourages Japan for

concessionary access for

key products

Mr Abdul Razak Dawood, Advisor to PM on commerce in his recent meeting with Mr Kuninori Matsuda,
Japanese ambassador discussed bilateral ties and emphasized the need to further promote economic
and trade relations between the two countries. The meeting was attended by Mr Ahmed Nawaz Sukhera
(Pakistan commerce secretary) and other officials of the commerce division.

Mr Dawood requested the ambassador for an early harvest program for concessionary market access for
key products of Pakistan’s interest. Furthermore, areas of Japanese cooperation and technical assistance
for upgrading textile industry machinery and improving labor productivity, especially in the garments sector
was also discussed.

The government of Japan is already providing technical assistance for skill improvement in the garment
sector in collaboration with the ministry of textiles. The advisor along with his team will visit Japan in July to
improve Pakistan’s market access there.

China’s Textile and Garment Exports

fell by 3.69pc in January-April, 2019

According to the provisional statistics by China and garment exports reached near US$ 19.46
General Administration of Customs, China’s textile billion in April, down 9.43% year-on-year, reaching
and garment exports totaled US$ 75.76 billion in the lowest level since April, 2012 for monthly
January-April, 2019, down 3.69% over the same export. Among them, textiles exports were US$
period last year. There into, textile exports reached 9.78 billion, decreased by 6.90% year-on-year;
US$ 36.67 billion, seeing year-on-year rises of while garment exports reached US$ 9.67 billion,
0.81%. While garment and accessories exports down 11.85% year-on-year. It is worth noting that
were US$ 39.09 billion, with year-on-year decline of for the second consecutive month, the exports of
7.56%. In CNY-denominated terms, China’s textile garment have been lower than the textile exports.
and garment exports totaled CNY 515.82 billion in
the first four months of 2019, up 1.56% China’s exports of footwear products totaled US$
year-on-year. 13.89 billion in first four months of 2019, declined
by 1.6% year-on-year, and increased by 2.0%
Based on the monthly export data, China’s textile year-on-year in quantity term.

May/June 2019