ISLAMABAD: China is increasing demand for Pakistan cotton textiles, China Economic Net (CEN) reported on Sunday. Pakistan\u2019s cotton yarn exports to China have surpassed the $166.37 million mark, an increase of 65.85%, in the first quarter of 2024. General Administration of Customs of the People\u2019s Republic of China\u2019s data showed that in the first quarter of 2024, the imports of \u201cuncombed single cotton yarn containing 85% or above\u201d (commodity code 52051200) from Pakistan crossed $ 99.12 million. It is in compared with $72.70 million in the same period, whereas the imports of \u201ccotton yarn\u201d (commodity code 52051100) crossed $65.78 million, up from $26.28 million in the same period last year. DNA
\nSajjad Mazahir, General Manager of China Operations Keywin Trading Ltd, told China Economic Net (CEN) that China\u2019s increasing demand for Pakistan cotton textiles is because China\u2019s industry balance itself with both exports and local downstream orders.
\nA few years back, Pakistan\u2019s textile products were in demand only for exports but now it has taken a good market share in China\u2019s domestic market, too. Currently, Pakistan\u2019s supplies include cotton, cotton yarns, and Griege fabric. They were preferred by many customers due to their competitive prices and quality.
\nYet, there is much to do for Pakistan to diversify its textile exports. \u201cThe textile industry in Pakistan is facing challenges from high cost of power and slow demand globally, and the Chinese market gives Pakistani exporters ample opportunities\u201d, he added.
\nHe further said that for diversification, Pakistan has to provide finished products to the local Chinese market, and a lot of effort is required to leverage the advantages of Pakistan-China FTA.
\n\u201cThough most of our products are covered under the \u201czero duty\u201d structure, many cannot enter Chinese markets in good volume, such as home textiles, towels, and apparel. etc.\u201d, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: China is increasing demand for Pakistan cotton textiles, China Economic Net (CEN) reported on Sunday. Pakistan\u2019s cotton yarn exports to China have surpassed the $166.37 million mark, an increase of 65.85%, in the first quarter of 2024. General Administration of Customs of the People\u2019s Republic of China\u2019s data showed that in the first quarter […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-406593","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n