To get access for Pakistani products in the potential markets, efforts are being undertaken for Free Trade Agreement (FTA) negotiations with Turkey, Thailand and Iran. A joint research study to assess the potential for a preferential arrangement with Korea is also underway.
In the current financial year, to facilitate exporters under the Textile Policy 2014-2019, over six billion rupees have been allocated, according to official sources.
To promote exports to new markets, the Trade Development Authority of Pakistan would be organizing various export promotional activities like trade exhibitions.
National Tariff Commission Act has been revamped to counter the import surge through unfair trade and strengthen trade defence mechanisms.
The sales tax zero-rating regime has also been introduced for five export oriented sectors including textile, leather, carpets, surgical and sports goods.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is committed to improving the health and nutrition of garment industry workers.
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