Japan a promising market for textile products: Mian Adrees

LAHORE, December 24: Japan is a promising market for Pakistani textile products but Pakistan is facing a disadvantageous position because of differential market access, as compared to regional competitors like India, Bangladesh and ASEAN countries.
The friendly relations between Pakistan and Japan are mainly centered on economic cooperation which needs to be strengthened further.
These views were expressed by FPCCI president Mian Adrees on the auspicious occasion of birthday of His Imperial Majesty the Emperor of Japan and their National Day. He extended his warm felicitations to the people of Japan.
He said that on this auspicious occasion of the birthday of His Imperial Majesty, the Emperor of Japan and the National Day, the business community of Pakistan joins him in expressing their heartiest felicitations to His Excellency and the people of Japan.
SAARC Chamber of Commerce and Industry vice president Iftikhar Malik, on this occasion, said that it was matter of deep satisfaction for him that Pakistan and Japan enjoy close and cordial relations.
Since the establishment of diplomatic relations between the two countries, Japan has always remained at the forefront to assist Pakistan in the socio-economic development.
He emphasised commitment in further promoting economic cooperation, and activating cultural and people-to-people exchange between Japan and Pakistan.
He acknowledged Japan’s cooperation to Pakistan in various sectors, especially in the field of education. Regarding exports from Pakistan to Japan, the UBG chairman said that other regional countries are enjoying duty free access to the Japanese market, either because of regional trading arrangements or having a LDC status. Although, Pakistan has GSP+ status and is getting on average 1. 4 percent lesser duties than developed countries, but yet the tariff imposed on Pakistan’s exports is 5.36 percent (on average) more than India/Bangladesh and ASEAN countries.