• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Social icon element need JNews Essential plugin to be activated.
Wednesday, May 6, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

India-EU FTA may hurt textile exports, warns PHMA

February 1, 2026
in Business
India-EU FTA may hurt textile exports, warns PHMA

FAISALABAD: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has warned that the proposed India–European Union Free Trade Agreement (FTA) could seriously undermine Pakistan’s textile and hosiery exports to the European market.

PHMA Senior Vice Chairman (North), Ahmed Afzal Awan, urged the Prime Minister to take immediate notice of the issue and adopt urgent measures to protect Pakistan’s export interests in the EU.

He said that although Pakistan currently enjoys duty-free access under the GSP+ scheme, the competitive playing field would remain uneven if India secured similar tariff concessions through an FTA. Pakistan’s GSP+ status, he noted, is subject to strict compliance with 27 international conventions covering human rights, labour standards, environment, and governance, which significantly increase costs for exporters.

In contrast, he added, India would not face comparable ongoing compliance obligations under an FTA.

Awan stressed that tariff parity alone does not ensure competitiveness, particularly given Pakistan’s high cost of production.

Copyright media, 2026

Previous Post

PM’s package for export-oriented industries hailed

Next Post

World Bank delegation calls on PRA chairman

American Dollar Exchange Rate
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Social icon element need JNews Essential plugin to be activated.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Hacklink Satın Al