Pakistan to get additional textile quota: EU enlargement
KARACHI, April 5: Pakistan will get additional quantity of textile quota from the European Union after the induction of 10 new members states on May 1, 2004.
This quota will be enhanced on the basis of past performance of Pakistani exporters to 10 new states in the last three years from 2000 to 2002.
In this regard, the Export Promotion Bureau (EPB) has asked those Pakistani exporters who had been exporting textiles and clothing to 10 new member states during 2000 and 2002 to submit their performance data by April 15, 2004.
According to EPB here on Monday, this data will be used for claiming enhancement of Pakistani quota in the enlarged textile quota from the European Union. The EPB has sought evidences of export shipment including copies of shipping bills, bill of lading, invoice, Form E, bank credit invoice from exporters after the proper checking from the concerned textile associations.
The EPB will make allotment on the basis of these documents to the exporters of these new states, which included the Czech Republic, Estonia, Cyprus, Lithuania, Latvia, Hungary, Malta, Poland, Slovenia and Slovakia.
The chosen methodology to amend the quota quantities takes into account the traditional imports into the new member states under a formula based on the average of the last three years' imports into the 10 new member states originating in third countries, adjusted pro rata for the period May 1, to December 31, 2004.
The last three years will be 2000 and 2002 selected as the most significant and representing the latest available information about the 10 new member states imports of textiles and clothing. -APP
