PAKISTAN WILL NOT SEE A SURGE IN TEXTILE DEMAND FOLLOWING EU GSP+, SAYS OFFICIAL
May 9th, 2014
PAKISTAN’S textile sector will grow only gradually following its membership of the European Union (EU) GSP+ scheme, according to Dr Safdar Sohail, economic minister at the Pakistan mission to the EU. Speaking to WTiN.com in an exclusive interview from his office in Brussels, Dr Sohail said: “There will be no surge of demand where one would imagine people would start stitching garments in garages and nothing of the sort.” And that is because the scheme has a threshold by which Pakistan will not benefit from it if it exports more than 2% of the EU’s overall ...
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