Worldtrip Stop 1: Sri Lanka
Our one month backpacking tour through Sri Lanka. From Kandy to Ella, Udawalawe, Tangalle, Mirissa, Galle and Colombo.
Thank you Sri Lanka for the most beautiful start of our travels. We fell in love with Sri Lanka's nature, it's people, animals and diversity.
Our western suspicion turned into great conversations with strangers, mostly using single english words and our hands.
The world is full of friendly people - and we met so many of them in Sri Lanka.
~ALL PEOPLE SMILE IN THE SAME LANGUAGE~
Follow our travels on Instagram : @paulahernandezz & @siengwina
Euorpean Union Demand For Pakistan Ready Made Garments
Textile sector is the backbone of Pakistan’s economy which is significantly important for country’s export as well as employment. In Asia, Pakistan is the ninth largest exporter of textile products. This sector contributes 9.5 percent to the GDP and provides employment is about 30 percent of the workforce in the country (Government of Pakistan, 2014). After India and China, the fourth largest country of producing cotton is Pakistan and also the third spinning capacity within Asia. It contributes 5 percent spinning capacity all over the world. According to provisional State Bank of Pakistan (SBP) textile export were slightly lower at $9.59 million in July-March 2013-14 compared with $9.792 million in the same period of pervious year. These are three categories of textile, namely, textile fibers (26-category), textile yarn and fibers (65-category) and RMGs (84-category) .Pakistan performance in case of 26-category textile is satisfactory, while the import of 65 and 84-categories needs improvement. RMGs are important among all categories of textile.
Exports of Readymade Garments from Pakistan (2003-04 to 2013-14)
Years Value
(US Million $)
2003-04 993
2004-05 1,088
2005-06 1,310
2006-07 1,385
2007-08 1,592
2008-09 1,230
2009-10 1,269
2010-11 1,774
2011-12 1,616
Source: Trade Development Authority of Pakistan
RMG industry is an important small scale industry of Pakistan. Its products have large demand both at home and abroad. Garment industry is also good source of providing employment opportunities to a large number of people at a very low capital investment. The garment industry provides highest value addition in the textile sector.
Pakistan has strong trade partner with European Union (EU), particularly in case of RMGs.The European Union is an economic giant consisting of 28 developed countries namely, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia ,Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherland, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom. The EU accounts for around one third of the world trade and therefore provides a huge market to developing countries, including Pakistan. She is largest importer of textile and clothing products in the world.
Pakistan’s RMG sector has major problems areas: the quality of Pakistan’s RMG products is inferior as compare to her competitors like India, Korea, Hong Kong, Taiwan, Philippines and Sri-Lanka. The Pakistan does not have modern machine, it operate small and unorganized scale like shops, flats and houses. Large number of unit has been closed due to energy crisis. It has seriously affected our industries of Pakistan. Industrial production has downward due to energy crisis. Due to which cost of production increased. In case of import of RMG in the EU, Pakistan’s as to compete with some major exporter like China, Turkey, India, USA, Switzerland, Republic of Korea, Japan, Egypt, Bangladesh, Tunisia,Vietnam, Sri Lanka; these countries currently enjoy good market shares in the EU. The Pakistan export depends mainly on cotton and textile products. The EU is a major destination for Pakistan’s export, wherein textile and clothing share more than half of total exports.
Read full article
bqrnd.com