Pakistan urged to up textile trade with ECO countries

Pakistan has been called on to utilize its political and diplomatic ties to boost its trade with the Economic Cooperation Organization (ECO) nations to support its domestic value added textile industry.

The ECO is an intergovernmental regional organization for promoting economic, technical and cultural cooperation among its ten Member States, viz. Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan.

Currently, Pakistan’s textile item exports to ECO countries are not satisfactory and they stood at just US$ 49.81 million during 2010.

Dr. Shahzad Arshad, Chairman of Pakistan Cotton Fashion Apparel Manufacturers and Exporters Association (PCFA) said the Pakistani value added textile industry is enduring difficult times as while exports volumes are dropping, inflation and fiscal deficit are mounting.

Thus, it has become vital for the domestic textile industry to find access to new markets so as to ensure its sustenance, and ECO nations could play a vital part in this, he added.


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Posted in: ECO countries,Pakistan,textile trade