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Pakistan expects export growth

worth $3.2 bn after FTA-II Indian MMF exports to

If just five percent of the free market access offered have been liberalised in phase-II were as phase I reach $7 bn in 2020-21
by China under the China-Pakistan Free Trade had only liberalised 30 percent. This liberalisation
Agreement (Phase II) is realised for the 313 covers 88.3 percent of China's global imports or
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.
estimated export growth of $3.2 billion, said Hamid to hit $ 7 billion by the end of the fiscal year
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
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
include bringing in fibre neutrality, lowering interest
and Rayon Textiles Export Promotion Council
consultation with stakeholders. Provisions have
Murtaza Ahmed
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
since the enforcement of CPFTA-II on 1st January (BoP) difficulties, Ali said. Effective enforcement of international price, considering textile job work as
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
SDG Pioneer for gender equality and
secured as around 83 percent of the country's the real time trade data to discourage under but exports in value-added segments like fabrics regime, considering textile merchant exporters as
global exports have been liberalised in the invoicing and misreporting. witnessed nearly 8 percent growth during April-Oc- manufacturer exporter, branding and WTO-compat-
agreement’s second phase which were just 41 tober period in 2019-20 as compared to the same ible schemes.
Safeguard measures have been introduced to
percent under phase-I. decent work
temporarily restrict imports of products that harm the
Similarly, 91 percent of Pakistan's exports to China domestic industry.
Murtaza Ahmed is elevating Pakistan’s China posts stable growth

garment industry onto the leading
Global cotton trade expands as Latin of textile industry for 2019
edge of corporate sustainability.

America gears up for export growth
Since joining Artistic Milliners as managing director in 8 (Decent Work). In March 2019, Artistic Milliner became
2012, Murtaza has set up Pakistan’s first U.S. Green the first denim company in Pakistan to carry the Fair China's textile sector has reported stable growth in nationwide, with the turnover reporting a 16.5
Building Council LEED-certified garment factory and Trade USA stamp. There are only 50 factories in the the first 11 months of 2019, data from the National percent yearly growth and new sales modes such
filled 50 per cent of the company’s top management world that run the Fair Trade business model. Murtaza Development and Reform Commission showed. as live video streaming attracting consumers, the
The International Cotton Advisory Committee
Latin America should meet some of that
with women. works tirelessly on gender quality issues: helping data showed.
(ICAC) has projected that the global cotton trade
additional demand. Brazil’s production is
will expand by 2% in the 2019/20 season, women live more satisfying lives; improving the According to the data by the commission, the
expected to remain high at 2.76 million tonnes
This year, Murtaza worked to create a factory carrying company’s bottom line; and advancing Goal 5 (Gender value-added output of enterprises above From January to November 2019, China's textile and
and exports are expected to grow by 19% to 1.7
reaching 9.4 million tonnes with China retaining
the Platinum certification issued by the Council’s Equality). The Board of Directors is now composed of designated size rose 2.5 percent year on year, with garment export declined 2.6 percent year on year to
million tonnes. Argentina also is projected to
its top spot as the world’s biggest importer at 1.8
Leadership in Energy and Environmental Design, 16 men and 16 women. output in the sub-sectors of fiber, industrial textiles 246.9 billion dollars, with the pace of drop decelerating
increase its production to 358,000 tonnes,
million tonnes, although that figure would
known around the world as LEED. These certification posting a gain of 39%, while imports are and garment up by 11.8 percent, 7.1 percent and 1 0.1 percentage point from a month earlier.
represent a year-over-year decline of 14%.
credentials dovetail with seven Sustainable Murtaza, 34 years of age, has developed a campaign percent respectively.
expected to increase by 57% to 186,000 tonnes.
Development Goals: Goal 3 (Good Health and — #WomenatMilliners — and expanded its Textile firms over designated size generated
Production is expected to decrease in some
Well-Being); Goal 6 (Clean Water and Sanitation); Goal momentum through partnerships with other groups. As per the data, the domestic retail sales of apparel combined operating revenue of 4.03 trillion yuan
At current estimates of production and
major producing countries, with Turkey being
7 (Affordable and Clean Energy); Goal 9 (Industry, Artistic Milliners has been a participant of the United and knitwear stood at 1.2 trillion yuan (about 172.4 from January to October 2019, up 0.2 percent year
consumption, cotton prices should make modest
revised downward to 815,000 tonnes and
Innovation and Infrastructure); Goal 12 Nations Global Compact since April 2018 and is an billion US dollars), up 3 percent year on year. on year, while the total profit dropped 8.7 percent
gains through the end of the season. The
Pakistan to 1.35 million tonnes. As a result,
(Responsible Consumption and Production); Goal active member of Global Compact Network Pakistan. Online garment sales continued to expand year on year to 168.8 billion yuan.
Secretariat’s current price projection for the
imports will revise for both countries to 818,000
13 (Climate Action); and Goal 17 (Partnership for Through Network Pakistan, the company has
year-end average of the Cotlook A Index has
the Goals). become a signatory to the Women’s Empowerment
tonnes and 967,000 tonnes, respectively.
been revised to 80 cents per pound.
Principles and participated in Network Pakistan
The company ‘s certification as a Fair Trade USA factory forums, such as “Linking SDGs with Sustainable
also accelerates Pakistan’s shift towards achieving Goal Business Growth”, in 2018.
February/March 2020
October/November 2019 January/February 2020