{"id":30596,"date":"2019-03-08T12:43:11","date_gmt":"2019-03-08T09:43:11","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=30596"},"modified":"2019-03-08T12:44:21","modified_gmt":"2019-03-08T09:44:21","slug":"free-trade-agreement-pakistan","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/free-trade-agreement-pakistan\/","title":{"rendered":"What Would a Free Trade Agreement with Pakistan Bring?"},"content":{"rendered":"<figure id=\"attachment_30594\" aria-describedby=\"caption-attachment-30594\" style=\"width: 324px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30594 size-full\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/03\/pakistan-detail.jpg\" alt=\"Free Trade Pakistan itkib members colorful fabric\" width=\"324\" height=\"179\" \/><figcaption id=\"caption-attachment-30594\" class=\"wp-caption-text\">What Would a Free Trade Agreement with Pakistan Bring?<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>It is stated that textile and ready-to-wear industries may be adversely affected by a possible free trade agreement with Pakistan. Chinese and Bangladeshi products entering Turkey through Pakistan could create unfair competition according to sector professionals.<\/strong><\/p>\n<p style=\"text-align: justify;\">What would be the effects on textile and ready-to-wear sector of a possible free trade agreement between Pakistan and Turkey which are still developing in the textile <a href=\"https:\/\/www.textilegence.com\/en\/category\/topical\/\" target=\"_blank\" rel=\"noopener\">industry<\/a>? Important names of the industry came together in order to find the answer to this question.<\/p>\n<p style=\"text-align: justify;\">Hosted by Istanbul Textile and Apparel Exporters&#8217; Associations (<a href=\"https:\/\/www.itkib.org.tr\/\" target=\"_blank\" rel=\"noopener\">\u0130TK\u0130B<\/a>) on March 4, 2019, \u0130stanbul Textile and Raw Materials Exporters Association (\u0130TH\u0130B) Chairman Ahmet \u00d6ks\u00fcz, \u0130stanbul Apparel Exporters\u2019 Association (\u0130HK\u0130B) Chairman Mustafa G\u00fcltepe, Istanbul Chamber of Industry Vice President Irfan \u00d6zhamaratl\u0131, TOBB Ready-Made Clothing and Garment Industry Council Honorary Chairman \u015eeref Fayat and \u0130TH\u0130B and \u0130HK\u0130B&#8217;s Board Members attended the meeting in addition to the officials of the Ministry of Commerce.<\/p>\n<p style=\"text-align: justify;\">The main topic of the meeting was; how a contract that is likely to be signed, will affect the most powerful items of our exports: textile and raw materials and ready-to-wear and apparel sectors. Turkey-Pakistan Free Trade Agreement (FTA) was signed in Islamabad in March 2016. The effects of a free trade agreement on the textile and ready-to-wear industries were evaluated following the framework agreement with Pakistan. It is emphasized that, textile and ready-to-wear products, entering in an uncontrolled manner through Pakistan, which has a free trade agreement with countries such as China and Bangladesh, could create unfair competition.<\/p>\n<h2 style=\"text-align: justify;\"><strong>What Would a Free Trade Agreement with Pakistan Bring? The trade volume of the two countries is 600 million dollars<\/strong><\/h2>\n<p style=\"text-align: justify;\">Turkey&#8217;s annual trade volume with Pakistan decrease to 600 million dollars from 1 billion dollars. The officials of both countries are negotiating to increase this trade volume to more than 1 billion dollars again. At a meeting in late 2018; Pakistani President Arif Alvi said Turkish investors were willing to invest in various industries in Pakistan. Pointing out that 4 Turkish companies are ready to invest 1.5 billion dollars in Pakistan; Alvi noted that there were certain issues to be addressed first. President Alvi announced that Turkey and Pakistan will recently sign a free trade agreement.<\/p>\n<p style=\"text-align: justify;\">According to Ministry of Economy of Turkey data of 2016; while the foreign trade volume of the two countries was 610 million dollars; exports to Pakistan from Turkey was 347 million dollars. Pakistan&#8217;s exports to Turkey totalled 263 million dollars. In Turkey&#8217;s exports to Pakistan, items such as; helicopters, aircraft, space vehicles, telephone equipment, milk, woven carpet and cotton yarn stood out; while cotton fabric, cotton yarn, polyacetals, pencils and textile products are the most important items of Pakistan&#8217;s exports to Turkey.<\/p>\n<p style=\"text-align: justify;\">Pakistan, the 23<sup>rd<\/sup> largest economy in the world, has a population of 207 million people; and a national income of 1.641 dollars per capita. Textile is one of the most important business lines in the national economy, which grew by 5.2% in 2018. Textile is an important branch of business; with a share of 40% in employment and a share of 60% in total exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is stated that textile and ready-to-wear industries may be adversely affected by a possible free trade agreement with Pakistan. Chinese and Bangladeshi products entering Turkey through Pakistan could create unfair competition according to sector professionals. What would be the effects on textile and ready-to-wear sector of a possible free trade agreement between Pakistan and [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":30592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[10778,11509],"class_list":{"0":"post-30596","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-itkib-en","9":"tag-pakistan-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Would a Free Trade Agreement with Pakistan Bring? - Textilegence<\/title>\n<meta name=\"description\" content=\"It is stated that textile and ready-to-wear industries may be adversely affected by a possible free trade agreement with Pakistan. 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The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.","email":"editor@textilegence.com","telephone":"+90 212 442 24 12","legalName":"Textilegence Mag and Digital Platform","foundingDate":"2013-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.textilegence.com\/en\/#\/schema\/person\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. CNNTURK\u2019 kanal\u0131nda staj\u0131n\u0131 tamamlad\u0131ktan sonra Referans Gazetesi\u2019nde \u00e7al\u0131\u015fmaya ba\u015flad\u0131. 2 y\u0131l sonra Textilegence markas\u0131yla tekstil end\u00fcstrisine y\u00f6nelik kendi medyas\u0131n\u0131 kurdu. \u015eu anda Textilegence.com, Printing3D ve NEFA PR Ajans\u0131\u2019n\u0131n 12 y\u0131ld\u0131r y\u00f6netimini yapmaktad\u0131r.","sameAs":["https:\/\/www.textilegence.com","https:\/\/www.facebook.com\/TextilegenceMagazine","https:\/\/www.instagram.com\/textilegence\/","https:\/\/www.linkedin.com\/in\/fatih-cengiarslan-32352265\/","https:\/\/x.com\/https:\/\/twitter.com\/textilegence"],"url":"https:\/\/www.textilegence.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/30596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/comments?post=30596"}],"version-history":[{"count":0,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/30596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media\/30592"}],"wp:attachment":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media?parent=30596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/categories?post=30596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/tags?post=30596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}