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September 28, 2010

Russian concessions on Pak textile products sought


September 28, 2010

KARACHI: Dr Mirza Ikhtiar Baig, Federal Advisor on Textiles, government of Pakistan led a textile delegation at the Federal Trade Fair at Moscow from Sept 21st to 24th.
During this period first session of Russian-Pakistan Inter-Governmental Commission’s meeting was also held. Hina Rabbani Khar, Minister of State for Economic Affairs, led Pakistani delegation at the meeting.
The Pakistan side at the fair proposed that in view of large-scale destruction caused by the floods and urgent need to support economy, Russia may consider to lower the tariff on the import of Pakistani textile products to Russia on the pattern of the recent decision of the European Union Commission.
According to a press release issued here Monday the advisor is trying to get similar tariff concession on import of Pakistani textile product from other important markets like Canada, Australia and New Zealand.
Pakistani side also raised to resolve the financial dispute of Pakistani exporters to Russia. Baig met Deputy Minister, Ministry of Textile and Trade, Russian Federation Oleg Kashcheev and discussed modalities for lowering tariff on import of Pakistani textile products to Russia.
He invited Oleg Kashcheev to visit Pakistan to appraise him about textile industry of Pakistan. Pakistan side also proposed sponsorship for the Russian students for the textile institute and university in Pakistan.
The Russian side desired to meet leading textile industrialists to brief them about the investment potential of textile in Russia. Baig said there exists a great potential to improve bilateral trade with Russia. He proposed opening of warehousing facility in Moscow for Pak export products under Textile Policy/TDAP Scheme.

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