2012~2013 Textile Exports Increased By 7.81% In The First 5 Months Of Fiscal Year In Pakistan

< p > the statistics released by Pakistan Statistical Bureau show that in the first 5 months of 2012~2013 fiscal year (July 2012 ~11 month), Pakistan < a href= "//www.sjfzxm.com/news/index_c.asp" > textile < /a > a href= "//www.sjfzxm.com/news/index_cj.asp" > export volume < /a > $5 billion 400 million, an increase of 7.81% compared to the 5 billion 9 million US dollars in the same period of the financial year.

In November 2012, Pakistan's textile exports amounted to 1 billion 9 million US dollars, an increase of 23.54% over the November 2011 US $816 million.

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In the first 5 months of fiscal year < p > 2012~2013, Pakistan's a href= "//www.sjfzxm.com/news/index_s.asp" > raw cotton exports < /a > 44.35%, yarn growth 62.73%, knitwear decreased 2.02%, bedding decreased 9.61%, towels grew 10.98%, tents increased by 25.49%, and garments increased 14.26%.

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< p > Begg, a textile consultant of Pakistan government, said that the export situation of 2013 to the European and American markets is still uncertain. However, Pakistan and Turkey signed the preferential trade agreement (PTA) in January 1, 2013, and the export of Pakistan to earth textiles is expected to be greatly improved.

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< p > Begg said that after the preferential trade agreement came into effect, the tariff rate of Turkey imported from Pakistan will be reduced from 24.5% to 18.1%.

At present, the export volume of Pakistan to the earth is about $650 million, mainly textiles.

After the entry into force of the preferential trade agreement, the bilateral trade volume between the two countries is expected to increase from 1 billion US dollars to US $2 billion in a few years.

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