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EU-Pakistan bilateral trade is on a What’s New section

soundtrack: Ambassador at Inspiring change

conference 2021

Androulla Kaminara, EU's Ambassador in Pakistan, The government spent two years making legislation International Conference on Textiles
said that the EU and Pakistan Business Council for the protection of the journalist community. But,
would be formed to strengthen the bilateral trade and she emphasized, there was a need to expedite
economic ties, focusing on Small & Medium Enter- reforms and steps for legislation on disappearance,
prises (SMEs). European Union is committed to torture, abuse, and inspection on factories to meet all
working together to facilitate EU trade in Pakistan. EU obligations. Furthermore, she highlighted the
The remarks were made during a meeting with the importance of the European Union's close and
Karachi Chamber of Commerce & Industry (KCCI).
dedicated work with the Karachi Chamber to review
In the 2020 review report, Pakistan had gained a the progress and impact of GSP Plus status on
significant improvement in certain areas, but a lot Pakistan's economy and businesses. The news is a
more needs to be done in other sectors. She appre- good gesture for Pakistan's textile industry which is
ciated improvements in some of the conventions out currently exporting to the EU or looking for
of a total of 27 conventions signed by Pakistan. such adventures.

Pakistan’s towel exports increased Inspiring Change Conference (ICC) 2021 is the 4th International Conference on Textiles, organized by

during FY 2020-21 TEXtalks International in collaboration with Cotton Council International USA, at Lahore from 16-17
September. Inspiring Change Conference will fascinate the textile professionals by presenting the
latest and greatest from the inspiring innovators in the global textile industry, with a focus on the
bene¬ts to reap for the textile industry and as well for the innovators. This year, ICC 2021 has a theme
During the fiscal year 2020-21, Pakistan’s towel fiscal year compared to the exports of valuing $ to discussing pandemic issues and the Global Sustainable Solutions for the Textile Industry. Pakistan is
exports grew by 28.54 percent as compared to the 87,975 of the same period of last year. There are one of the countries for whom the pandemic was a blessing in disguise.
exports of the corresponding period of last year. approximately 10,000 towel looms in Pakistan,
According to the data released by the Pakistan including shuttle and shuttleless looms operating in Due to the lockdown in the world, a considerable number of buyers shifted to Pakistan for textile
Bureau of Statistics, the exports of Knitwear were organized and unorganized sectors. The towel sector services. The shift increased the textile exports, and to continues or even progress further, Pakistan is
increased by 32.70 percent; worth the US $ is predominantly export-oriented. facing different challenges. These challenges, opportunities, and possibilities will be among many
3,414,300 were exported as compared to worth $ keynote talks at the forthcoming event. The conference will provide space to present a diverse range
2,572,991 of the same period last year. Meanwhile, The sector is represented by the All Pakistan Textile of products, ranging from -bres to apparel. The attendees will have the opportunity to experience,
Bed wear exports increased by 24.60 percent as Mills Association (APTMA) and the Towel Manufactur- interact and analyze the products on display. Modern communication technology will be employed for
worth $ 2,172,782 were exported compared to US $ ers Association of Pakistan (TMA). Currently, there the guests for in-depth information about the displayed items.
1,984,502 of the same period of last year. are approximately 191 towel manufacturing and
export players registered as members of TMA. These One of the excellent features of the coming ICC 2021 is the introduction of a new section, “The What’s
During the period under view, Tents, canvas, and players are primarily concentrated in the South New section.” The What’s New section will feature the latest innovations in the world of textiles. It could
Tarpaulin exports increased by 15.54 percent as region. There are only four players listed on the prove to be the right platform for introducing your innovations to the textile world, which will lead to the
worth US $ 101,649 were exported in the current Pakistan Stock Exchange. most incredible business opportunity for your innovations.

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