Capacity constraints: Garment makers unenthusiastic about GSP Plus

This statement is in contrast to previous statements by the APCMA, which expects massive increase in exports. PHOTO: FILE

LAHORE: 

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Saturday said that the local garment industry is not fully prepared to take advantage of duty-free access to the EU (European Union) market under Generalized System of Preferences (GSP) Plus status mainly due to shortage of raw material, said PRGMEA (North Zone) Senior Vice Chairman, Jawwad A Chaudhry.

This statement is in contrast to previous statements by the All Pakistan Cotton Manufacturers Association, which expects massive increase in exports.

He urged the government to relax the import policy to empower value-added textile industry to get the maximum benefit of GSP Plus status, as the country had no input except cotton.