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EU move to put cap on Pakistan textiles.

The EU is maneuvering to restrict quantum of textiles and clothing export from Pakistan even after the expiry of quota regime on December 31, 2004. Though the EU has not taken up this matter at the official level, behind the scene developments strongly indicate that there is a move on their (WU) part to put a cap on Pakistani textile exports ahead of quota free market era starting from January 1, 2005.

These indications emerged from a recently held meeting at Brussels, between EU's Commission and a group of leading textile exporters from Pakistan over the issue of anti-dumping duty on bedlinen, a former office bearer of All Pakistan Cloth Exporters Association (APCEA) said.

The European Commission had invited a group of bedlinen exporters from Pakistan to find out a constructive solution to the ongoing anti-dumping proceedings and the suggested punitive duty of up to 40%.
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Title Annotation:News & Views; European Union
Publication:Economic Review
Article Type:Brief Article
Geographic Code:9PAKI
Date:Nov 1, 2003
Previous Article:Bureau Veritas: --for the benefit of business & people.
Next Article:MFN status for India to benefit Pakistan: WB.

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