Latest news with #China-PakistanFreeTradeAgreement
Express Tribune
11-08-2025
- Business
- Express Tribune
Cotton yarn exports hit $203m
This 4% rebate on cotton yarn will further lead to unbridled exports of our precious raw material. PHOTO: FILE Pakistan exported cotton yarn worth $203.29 million to China in the first half of 2025, according to the General Administration of Customs of China (GACC). The figure indicates a 19% decline compared to $251.51 million during the same period in 2024, but the sector continues to maintain a strong bilateral trade momentum. Under commodity code 52051200, uncombed single cotton yarn exports reached $112 million from January to June 2025 versus $144.85 million in the same period of last year. The average price for this year was $2.40 per kg and 46.48 million kg was exported to China. Pakistan was the second largest exporter of this category after Vietnam, which exported $340.69 million worth of yarn. Under commodity code 52051100, exports from Pakistan to China were recorded at $90 million, down from $102.96 million last year. Keywin Trading Ltd China Director of Marketing Sajjad Mazahir noted that Pakistan's cotton yarn exports under HS code 5205 have been consistent for decades. "The industry has transformed from surplus production of generic commodities to a supplier brand-based approach to raw materials with supply chain management principles. Many factories now hold registered IP rights and trademarks both domestically and internationally, bringing recognition to the country," he said. Mazahir added that cotton yarn exports to China provide Pakistan with valuable foreign exchange from a secure financial system, as transactions are largely conducted via Letters of Credit from Chinese banks. Currently, about 10-15% of production capacity is exported, reflecting the growing domestic manufacturing of garments for export, particularly casual wear. Despite challenges such as high energy, logistics and financing costs, Pakistan's cotton yarn has strong acceptance in China's denim market due to quality and competitive pricing, he said. Pakistan's traditional cotton varieties continue to offer a competitive edge for producing high-quality yarns used in denim, towels, knitwear and socks, ensuring textile trade remains a vital part of Pakistan-China economic cooperation. He believes this is a positive decline because under the China-Pakistan Free Trade Agreement, Pakistan is shipping more finished goods to China, adding that it's a long journey and consistent efforts both at the government level and by private business will enable Pakistan to avail a greater opportunity for the industry. This article originally appeared on China Economic Net
Express Tribune
01-07-2025
- Business
- Express Tribune
Knitwear exports to China rise 11%
Textile and apparel exports have stagnated around $1.4 billion per month, which is $600 million below the installed capacity of $2 billion a month. PHOTO: afp Listen to article Pakistan's exports of knitted and crocheted apparel, including jerseys, pullovers, cardigans and waistcoats, to China have grown steadily by 11% during the first five months of 2025, reaching $4.30 million, up from $3.87 million in the same period of last year, according to the latest data from China Customs. This growth highlights Pakistan's increasing presence in China's competitive apparel market, especially in mid-range and winter-wear segments. Industry insiders attribute the growth to Pakistan's expanding capacity in cotton-blended knitwear production and improved compliance with Chinese quality and certification standards. "Pakistani exporters have upgraded their production lines with better dyeing and finishing techniques, which has helped meet Chinese consumers' preference for comfort and durability in winter clothing," said Mohammad Azhar, a Lahore-based trade expert. Market observers note that most of these exports are routed through China's eastern coastal provinces, with Zhejiang and Jiangsu leading in import volume. Jiangsu province imported more than $2.79 million worth of products, followed by Zhejiang and Henan. Trade and Investment Counsellor Ghulam Qadir stated that Pakistan benefits from zero-tariff access under the second phase of the China-Pakistan Free Trade Agreement, which gives it a competitive edge over other regional suppliers.
Business Recorder
25-06-2025
- Business
- Business Recorder
Chinese CG, APTMA leaders discuss trade ties
LAHORE: Chinese Consulate General and All Pakistan Textile Mills Association (APTMA) leadership have resolved to upsurge bilateral trade, take maximum advantage of Free Trade Agreement (FTA) and to explore possibilities of joint ventures in textile industry. Zhao Shiren Consul General of China, Li Haoteng, Commercial Counsellor and Wang Yaqiang, Vice Consul visited APTMA office on Tuesday and discussed in detail prospects, ways and means to increase volume of trade and joint ventures in textile industry. Dr Gohar Ejaz, Patron-in-Chief APTMA and Chairman APTMA Kamran Arshad welcomed the Chinese Consul General at APTMA. They were accompanied by Syed Ali Ahsan, former Chairman APTMA, Zonal Management Committee members including Haroon Ellahi, Muhammad Ali, Faisal Jawed, Ahsan Shahid, Ismail Fareed, Habib Anwar, leading textile exporters, Secretary General APTMA Shahid Sattar and Secretary General North Mohammad Raza Baqir. Speaking on the occasion, Zhao Shiren said both China and Pakistan enjoy strong economic and cultural relations and China Pakistan Economic Corridor (CPEC) is an example of this robust relationship between both the countries. He highly appreciated the role of APTMA in general and of Dr Gohar Ejaz in particular in expansion of bilateral economic relations. He enumerated highly plausible services rendered by Dr Gohar Ejaz in cementing relation between China and Pakistan not only as Commerce Minister but also in his private capacity. He also spoke volume about community and welfare services being performed by Gohar Ejaz Foundation for poverty alleviation, medical services, educational and research uplift and industrialization of the country. Consul General highlighted expansion of bilateral trade since the signing of China-Pakistan Free Trade Agreement (FTA) in 2006 and resolved to further uplift the said volume by taking maximum benefits from FTA. He noted that balance of trade is presently in favour of China and assured of his help to not only expand trade volume but also to bridge the gap in balance of trade. He informed that textile goods falling in more than 800 HS tariff lines of customs chapters 50 to 63 enjoy duty free status under FTA on import into China from Pakistan. He emphasised Pakistani textile industry to avail duty free regime widely liberalized for Pakistani textile products since implementation of Phase II of FTA in 2020. Copyright Business Recorder, 2025
