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Senior US trade officials have
pledged to work towards greater market access for Pakistani
textile products in the United States and to advance bilateral
trade and economic ties, a statement said.
They also hope for early finalisation of reconstruction
opportunity zones (ROZs) legislation aimed to facilitate job
creation and economic development in the tribal areas bordering
Afghanistan.
"Pakistan is open for business," Gail Strickler, Assistant
United States Trade Representative (USTR) of Textiles, told a
large delegation of Pakistani textile exporters at a reception
held for them and a number of leading US textile apparel buyers.
The Pakistani delegation was led Adviser to the Prime Minister
on Textiles Mirza Ikhtiar Baig.
The reception was part of the Texworld, a trade fair for
apparels, held in the United States for the first time.
Top Pakistani textile products manufacturing companies set up
their stalls in the weeklong exhibition, along with those of
other nations.
Strickler said the USTR would make every effort to help
Pakistani manufacturers in facilitating their exports and even
to improve the quality of their products.
Paul Jones, Deputy USTR, said that improving market access for
Pakistani products was part of the strategic dialogue between
the United States and Pakistan. Better economic cooperation and
development would melt away the trust deficit between the two
countries.
Michael Delaney, Assistant USTR for South Central Asia, said
that creation of jobs through economic development is the best
weapon to fight militancy.
He said ROZs would help improve the lives of the people in
border regions.
Baig gave a detailed background of Pakistan's textile industry,
which he said, contributed 8.5 percent of the GDP.
Pakistan is the world's fourth largest producer of raw cotton
and it contributed 53 percent of the country's exports.
The security situation in Pakistan presented some difficulties,
but by and large the country is stable. "I can say with full
authority that not a single order has been canceled by any
Pakistani company due to the present situation in the country."
Pakistan needed market access for its textile products at
concessional tariff, Baig said.
"Our lead time is about 30 days. We have composite integrated
units from spinning to finished goods," he said as he spoke of
top-of-the-line machinery in factories.
Pakistan attracted an investment of $3.7 billion during the last
financial year, a large chunk from the United States, Baig said.
He called for more investment to help Pakistan defray the huge
cost it is incurring in battling insurgency. "We are not
interested in aid. We're interested in trade," Baig said. |