PAKISTAN: Pakistan edges out India in textile export business
LAHORE: According to WTO in the first 11 months of 2006 Pakistan's exports to both the US and EU increased by 12% in dollar terms. India recorded growth of only 8% in dollar terms in exports to the US.

India performed better by 1% compared to Pakistan in case of exports to EU. Exports to Japan declined by 7%. Pakistan exports yarn and fabric to Japan. In Japan the segment which uses these products is not able to cope with high production cost and has reduced imports. Pakistan's exports to Canada registered increase of 9%. India’s exports to Canada increased by six per cent, which is 3% less than that of Pakistan. India recorded 16 per cent hike in textile exports to Japan compared with 7% decline in Pakistan’s exports. India was able to capture some of the textile market in Japan which was previously with Pakistan. Adviser to the Ministry of Finance Dr Ashfaq Hasan said "I feel the foreign trade statistics in Pakistan do not reflect the true picture of imports and export". I am surprised with the sudden decline of textile sector's competitiveness he added.

The bulk parcels of textile products that are being sent in large numbers to Pakistanis living in developed countries is not recorded. The Indian and Chinese exports have surged becuase of their diversification to other regions and higher shipments to US, EU, Canada and Japan.

Major trends in textile trade remained unchanged which has benefied countries as Bangladesh, Cambodia and Vietnam.

The imposition of Quotas on china has not made any effect on the global textile and clothing trade the WTO said, while adding that China's textile and clothing sales were not affected.

WTO said that official chinese export to Pakistan statistics also seems to be manipulated.

http://www.bharattextile.com/newsitems/2003821