PTEA hails GSP plus decision as progressive

FAISALABAD: Pakistan Textile Exporters Association (PTEA) has hailed the European Parliament decision for Generalised System of Preferences (GSP Plus) as progressive and realistic support to Pakistani textile exports.

Taking to newsmen, PTEA Chairman Rana Arif Touseef said here on Wednesday that Pakistan had been trying hard for a number of years to attain GSP Plus status to enhance its exports to EU and this would be a good sign for the ailing value added textile industry especially home textile exports which were badly suffering due to various factors, he added.

European Parliament decision would help Pakistan to build up its capacity to become a more effective and competitive actor in international economic relations, he said adding it would create more opportunities in domestic industry, resulting not only in competitiveness, jobs growth, exchange of technological know-how, and development of skills but also lead to the empowerment of people to meet present and future challenges, he hoped.