Prospects For The Asia

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Prospects For The Asia

  1. 1. Prospects for the Asia – Pacific region – how to become the centre of textile Manufacturing and R&D for the World Prepared by Abid Javed Akbar, Senior Director General, Export Promotion Bureau, Government of Pakistan
  2. 2. Developing economics have gained economic strength through substantial industrialization. Major shift for liberalization of trade reginess has made this region a new frontier for exporting economics ASIA – PACIFIC A DIVERSE ECONOMIC REGION
  3. 3. Pakistan a Partner in Progress Pakistan’s Trade with Asia Pacific Economic Cooperation     1999 – 2000 2000 – 2001 2001 - 2002 Exports Import Balance Exports Imports Balance Exports Imports Balance 3977,927 3792439 185488 4275314 3625024 650290 4012574 3824436 188138
  4. 4. Pakistan a partner in Progress As can be seen, Pakistan has a favourable balance of trade. Yet there are so many opportunities which need to be explored Pakistan is ready to help both in terms of trade in goods and trade in services. The following items can be projected in the in the Asia Pacific Region: Core Category Textile, Rice, Leather, Sports Goods carpet, Wool, Surgical Instruments & Petroleum Products Developmental Categories Fisheries, Gem & Jewellery, Fruit & Vegetables, IT, Marble & Granite, Engineering Goods & General services
  5. 5. Pakistan is an important market to Asia – Pacific for Trade and Investment opportunities in Pakistan <ul><li>Pakistan’s Policy on trade & investment has been characterized as a steady move to liberalization, deregulation and privatization. It has been consistent, market – led and business – friendly. </li></ul><ul><li>It has addressed investors concern by introducing export promotion support measures through restructuring tariff and tax system. </li></ul><ul><li>Provide access to CIS countries, is a backyard of trade to Middle East and backs a well trained diligent labour face </li></ul>
  6. 6. OVERVIEW Global Trade US$ 5 trillion Total Pakistan Exports US$ 9.137 billion Pakistan’s Share in World Imports 0.17% Pakistan’s Exports as %age Of GDP 15.% Global Uncertainties
  7. 7. Trade Balance Export/Import (Last 5 years)
  8. 8. PAKISTAN’S EXPORTS Products IT Engineering goods Fisheries Fruit and Veg Marble and Granite Gems and Jewellery Pharmaceuticals Chemicals Poultry Services
  9. 9. PAKISTAN’S EXPORTS Top 10 Countries
  10. 10. PAKISTAN’S EXPORTS Regional
  11. 11.   Pakistan Textile Industry Profile A Large Scale Mills Sector: S.NO. SUB-sector No.of Units Size Production 1 Spinning Units 448 a) 8.87 M. Spindles 1817 M. Kgs 2 Composite units 50 b)150000 Rotors 9898 Looms 577 M.Sq. Mtrs 3 Independent Weaving Units 140 23652 Shuttle less Looms “ 4 Finishing Units 106 --- --- 5 Garments Units 600  
  12. 12.   Pakistan Textile Industry Profile S.M.E’s Source: Textile Commissioner Office S.NO. Sub-sector No.of Units Size Production 1 Independent Weaving 425 50,000   2 Power looms Sector 20600 175253 225253 Conventional Looms 4897 (577 + 4320) M.Sq. Mtrs* 3 Finishing 625   4600 M.Sq. Mtrs** 4 Terry Towels 400 7602 Looms 55.00 M. Kgs 5 Canvas   2000 Looms 35.00 M. Kgs 6 Garments 450 200000 (Industrial) 450000 (Domestic) (Sewing Machine) 685.00 M..Pcs 7 Knitwear 700 15000 (Knitting Machine) 5.50 M. Pcs
  13. 13. Pakistan Textile Industry PROFILE 65 % of total exports of Pakistan 46 % of total manufacturing 38 % of total employment 8.5 % of total GDP USA leading buyer with 30 % of total textile exports of Pakistan 6,65,000 Total number of sewing machine 5,31,658 Total number of Looms 150,000 Total number of Rotors 8.87 (m) Total number of spindles 24,644 Total number of textile units
  14. 14. Textile Opportunity in Pakistan <ul><li>5 th largest resource in world of 2 million M.tons of raw cotton </li></ul><ul><li>1.7 million M.tons converted to yarns, fabrics and finished products </li></ul><ul><li>Pakistan is an established, reliable long-term supplier of textiles, apparel and home textiles therefore </li></ul><ul><li>Enhance sourcing from Pakistan </li></ul><ul><li>Leverage with investment in technology and manufacturing capabilities for </li></ul><ul><ul><li>better buy backs & </li></ul></ul><ul><ul><li>marketing linkages </li></ul></ul>Contd…..
  15. 15. Pakistan’s efforts to make Textile industry world class and competitive <ul><li>Clear Road map – Textile Vision 2005 </li></ul><ul><ul><li>Encouraging value added sectors and vertical integrated units </li></ul></ul><ul><ul><li>Facilitation of investment (Rs & FE)-capacity & quality, encouraging JVs </li></ul></ul><ul><ul><li>Minimization of contamination in cotton </li></ul></ul><ul><li>Elimination of irritants </li></ul><ul><li>Duty and tax free imports </li></ul><ul><li>Elimination of subsidies </li></ul><ul><li>Encouraging out in and out-bound investment </li></ul><ul><li>Increased emphasis on Manufacturing efficiency and Social Compliance </li></ul>
  16. 16. Pakistan’s additional efforts to make overall industry world class and competitive <ul><li>Liberalization of Imports </li></ul><ul><li>Reduced tariffs </li></ul><ul><li>Review of Labour laws to conform with international needs </li></ul><ul><li>Availability of Rs. and Foreign currency Finance </li></ul><ul><li>Increased emphasis on Environmental management </li></ul>
  17. 17. Opportunities for Trade integration with member economics of Asia – Pacific Region <ul><li>A substantial integration between member economics is needed en bloc to foster, cultivate and liberalize trade practices </li></ul><ul><li>Formulize demand/supply of trade in goods en-cashing strengths of member economics to provide benefits within the region </li></ul><ul><li>Improve shipping services by providing freight subsidies within member economics. </li></ul><ul><li>Identify and strengthen technical expertise to word – off WTO IPR related issues by pooling resources confronting developing countries. Creating a WTO/IPR institute would be a good forward step in this direction. </li></ul><ul><li>Positive and a forward role needs to be adopted for promotion of exports by increased inter-action through specialized trade delegation and exhibitions within the region. </li></ul>
  18. 18. Pakistan’s efforts to make Textile industry world class and competitive <ul><li>Clear Road map – Textile Vision 2005 </li></ul><ul><ul><li>Encouraging value added sectors and vertical integrated units </li></ul></ul><ul><ul><li>Facilitation of investment (Rs & FE)-capacity & quality, encouraging JVs </li></ul></ul><ul><ul><li>Minimization of contamination in cotton </li></ul></ul><ul><li>Elimination of irritants </li></ul><ul><li>Duty and tax free imports </li></ul><ul><li>Elimination of subsidies </li></ul><ul><li>Encouraging out in and out-bound investment </li></ul><ul><li>Increased emphasis on Manufacturing efficiency and Social Compliance </li></ul>
  19. 19. Pakistan’s additional efforts to make overall industry world class and competitive <ul><li>Liberalization of Imports </li></ul><ul><li>Reduced tariffs </li></ul><ul><li>Review of Labour laws to conform with international needs </li></ul><ul><li>Availability of Rs. and Foreign currency Finance </li></ul><ul><li>Increased emphasis on Environmental management </li></ul>

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