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Tag Archives: European Union (EU)

Knitwear exporters sign free trade agreement with European Union

BRUSSELS: Knitwear exporters in Tirupur cluster have made an appeal to expedite the signing of Free Trade Agreement (FTA) and also the Comprehensive Economic Partnership Agreement (CEPA) with European Union (EU). The call was made ahead of the Union Minister of State for Commerce Nirmala Sitharaman’s scheduled meeting with the EU Trade Commissioner Anna Cecilia Malmstrom to take stock of ... Read More »

Russia initiates ‘oil for goods’ trade with Iran

MOSCOW: Russia’s Deputy Foreign Minister, Sergei Ryabkov, said that Russia has started a strategic “oil for goods” barter trade with Iran, stressing that the due proceedings are already “working well”. He said the country is currently providing a “considerable” volume of goods to Iran in exchange for the Iranian crude oil without providing any specific figures. Ryabkov said the goods ... Read More »

 ‘Dubai’s Emirates contributes $7.6b to EU economy’

DUBAI: Dubai’s Emirates Airline said in a statement that company has contributed $7.6b (6.8 billion euros) to European Union (EU) economy. This statement was given in an apparent response to criticism from rivals that government subsidies give Gulf carriers an unfair advantage. Emirates’ operations supported 85,100 jobs across the EU in the 2013-2014 financial years. The carrier is the largest ... Read More »

Exports up by 18pc to $770m after GSP+ status; scanners being installed to check containers: Dastagir

KARACHI: To address the complaints about damages to export goods by physical examination, the government is installing scanners at all ports, airports and dry ports for checking export cargo without opening containers. Federal Minister for Commerce Khurram Dastagir Khan said this while talking to the exporters at the PHMA House. The minister also assured the exporters that all outstanding sales ... Read More »

271 industrial units contaminating Lahore canal water as underground water already polluted

LAHORE: About 271 industrial units are discharging their wastes in the canal system, which is polluting water, while majority of underground water of the city is already highly polluted, this was revealed in a report “Situation Analysis of the Water Resources of Lahore”, prepared by WWF-Pakistan and launched here in a ceremony. The report said that the entire municipal waste, ... Read More »

Punitive duties: Pakistan drags EU to WTO

ISLAMABAD: Pakistan took the European Union to the World Trade Organisation, challenging the latter’s move of imposing punitive duties on Pakistani exports of polyethylene terephthalate (PET). As per details, Pakistan is of the view that the EU has violated the WTO rules by imposing anti-subsidy duties on PET, which is used in synthetic fibres, plastic bottles and food containers. Under ... Read More »

GSP status boosts textile exports to $13.74b

ISLAMABAD – Textile exports surged to $13.74 billion during previous financial year 2013-2014 mainly because of the GSP Plus status granted to Pakistan by the European Union (EU). The country exported textile made commodities worth $13.74 billion during last fiscal year (July 2013 to June 2014) as compared to $13.05 billion of the preceding year (July 2012 to June 2013), ... Read More »

EU standards: Govt adopts strict quality control for mangoes exports

KARACHI: Keeping in view the tough European Union (EU) criterion and its ban on Indian mango exports, the government has adopted stringent measures to ensure quality standards are meet in the export of ‘king of the fruits’ mango to the EU market. The government is caught between the devil and the deep blue sea as it can neither afford a ... Read More »