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Pakistan expects export growth
Cotton trading increases in Pakistani Indian MMF exports to

worth $3.2 bn after FTA-II
markets inline with global trends
reach $7 bn in 2020-21

If just five percent of the free market access offered have been liberalised in phase-II were as phase I Inspiring Change 2020
by China under the China-Pakistan Free Trade had only liberalised 30 percent. This liberalisation
stock and dealers expect an increase in sales in the
The cotton trading in Pakistani markets picked up in
Agreement (Phase II) is realised for the 313 covers 88.3 percent of China's global imports or
mid-December as the news of the US-China trade
coming days. A price increase of cotton is also
Sustainability, Inspirations,
high-priority tariff lines, Pakistan will see an $1.6 trillion, according to Pakistani media reports. India’s exports of man-made fibres (MMF) is likely period in the previous fiscal.
deal made investors optimistic about a pick-up in
expected in the local market as the business picks
estimated export growth of $3.2 billion, said Hamid up pace. to hit $ 7 billion by the end of the fiscal year
trade inline with the global markets, where trading
Ali, joint secretary of Foreign Trade-1 at the The sensitive list has been enhanced from 1,410 in 2020-21, up 10 percent from the ongoing level, SRTEPC has prepared a 20-point strategy for the
also picked up and an increase in future price of
Influences, Opportunities!
Commerce Division. CPFTA-I to 1,760 in CPFTA-II after thorough says Ronak Rughani, chairman of the Synthetic development of MMF textile segment. The points
cotton is also expected. High demand for quality cotton was seen in the
consultation with stakeholders. Provisions have and Rayon Textiles Export Promotion Council include bringing in fibre neutrality, lowering interest
market, however, many buyers settled for lower
He was speaking at a seminar where he also said been introduced to address the balance of payment (SRTEPC). rates, making raw materials to be made available at
After the successful conclusion of the US-China
grade cotton to restock at lower prices and to
since the enforcement of CPFTA-II on 1st January (BoP) difficulties, Ali said. Effective enforcement of international price, considering textile job work as
trade negotiations and news of a cease fire by both
replenish before a price increase. Prices in New York
2020, Pakistan's export interest have been greatly electronic data exchange will also ensure sharing of India’s current MMF exports are not encouraging, manufacturing in the goods and services tax
sides in the trade war, world markets showed a
cotton also increased in the range of US 0.61 to 1.29
but exports in value-added segments like fabrics
regime, considering textile merchant exporters as
secured as around 83 percent of the country's the real time trade data to discourage under As consumers become more aware and interested about a new project funded by the German govern-
cents per lb. However, Indian and Chinese cotton
positive trend and local markets also showed
witnessed nearly 8 percent growth during April-Oc-
manufacturer exporter, branding and WTO-compat-
global exports have been liberalised in the invoicing and misreporting. in protecting the environment, the textile industry ment - “Sustainable Pakistan.” This project aims to
markets were mixed to easy.
renewed optimism in trade and acceleration
ible schemes.
tober period in 2019-20 as compared to the same
agreement’s second phase which were just 41 (with the stigma of being the most polluting indus- promote the Pakistani garment and fashion indus-
expected in the near future. The cotton in Pakistan
percent under phase-I. Safeguard measures have been introduced to try on the planet) is facing the pressure of taking try globally.
markets changed hands quickly and it is expected temporarily restrict imports of products that harm the concrete steps towards sustainability and promot-
International market also showed an up-tick in trade
to pick-up further. Local buyers were quick to claim of cotton because of the US-China trade deal. ing eco-labels. The Pakistani textile industry is The previous editions of the Inspiring Change
Similarly, 91 percent of Pakistan's exports to China domestic industry.
leading the charge into a greener tomorrow with Conference were immensely successful and not
China posts stable growth
more and more attention being given to the only raise awareness about the importance of
inclusion of sustainable processes in the textile concerted cooperation and regular interactions
production and supply chains. Sustainability in among the various branches of the textile industry,
Global cotton trade expands as Latin textiles can result in more stable performance, but also facilitated this interaction as well as
of textile industry for 2019
provided a platform for building confidence and
efficient management system, increased pro¬fit
Textile exports rise in EU but
margins, and decreased cost of production while
effective communication among all textile stake-
America gears up for export growth simultaneously improvising the labour-industry holders.
relationship, reduction in environmental concerns
production falls
Cutting-edge research and development is also an
and a stronger, healthier work force.
China's textile sector has reported stable growth in
nationwide, with the turnover reporting a 16.5
the first 11 months of 2019, data from the National
percent yearly growth and new sales modes such
The International Cotton Advisory Committee Latin America should meet some of that The upcoming Inspiring Change conference will important part of the conference. These innovations
have paved the way for exciting new fibres and
Development and Reform Commission showed.
as live video streaming attracting consumers, the
(ICAC) has projected that the global cotton trade additional demand. Brazil’s production is have special focus on sustainability and will feature yarns that expand beyond conventional, natural
The World Textile and Apparel Trade and there was a rise in EU consumer expenditure on data showed.
will expand by 2% in the 2019/20 season, expected to remain high at 2.76 million tonnes not only presentations, but also lectures and and organic ones. This has resulted in innovative
Production Trends: The EU, 2019 has found that clothing and footwear. According to the data by the commission, the
reaching 9.4 million tonnes with China retaining and exports are expected to grow by 19% to 1.7 solutions the industry can take towards a better products for the lifestyle, sports, medical, transpor-
value-added output of enterprises above
From January to November 2019, China's textile and
during 2018, textile and clothing exports from EU
its top spot as the world’s biggest importer at 1.8 million tonnes. Argentina also is projected to future for the planet. tation and other sectors, thus ensuring continuous
garment export declined 2.6 percent year on year to
designated size rose 2.5 percent year on year, with
to countries outside the union rose in value and
The report contains statistical data, information,
million tonnes, although that figure would increase its production to 358,000 tonnes, output in the sub-sectors of fiber, industrial textiles business growth.
246.9 billion dollars, with the pace of drop decelerating
volume but the textile production fell following
and insight into the textile and apparel industries
represent a year-over-year decline of 14%. posting a gain of 39%, while imports are ‘Sustainable Pakistan’ 0.1 percentage point from a month earlier.
and garment up by 11.8 percent, 7.1 percent and 1
two years of growth.
in the EU. The report identifies important trends
expected to increase by 57% to 186,000 tonnes. The Inspiring Change Conference will present The two-day conference will be held in the vibrant
and includes information on general economic percent respectively.
Textile firms over designated size generated
trends, textile, and clothing production in the EU,
The report said that clothing production in the At current estimates of production and concept changing presentations and information city of Lahore on the 10th and 11th of March, 2020.
Production is expected to decrease in some
the textile and clothing trade balance, imports by
EU declined for the second consecutive year to consumption, cotton prices should make modest As per the data, the domestic retail sales of apparel combined operating revenue of 4.03 trillion yuan
major producing countries, with Turkey being
its lowest level in several years. Meanwhile, the gains through the end of the season. The and knitwear stood at 1.2 trillion yuan (about 172.4 from January to October 2019, up 0.2 percent year
supplying country, exports by the destination
revised downward to 815,000 tonnes and
country, and imports and exports by EU member
imports of textiles and clothing into the EU Secretariat’s current price projection for the billion US dollars), up 3 percent year on year. on year, while the total profit dropped 8.7 percent
Pakistan to 1.35 million tonnes. As a result,
state.
increased in value and volume, showing that year-end average of the Cotlook A Index has Online garment sales continued to expand year on year to 168.8 billion yuan.
imports will revise for both countries to 818,000
tonnes and 967,000 tonnes, respectively. been revised to 80 cents per pound.
February/March 2020January/February 2020 November/December 2019February/March 2020