Indian ban on cotton export affects Pakistani importers
The Indian government has not only banned the export of cotton but also imposed Rs2,500 per ton export surcharge on the export of Indian cotton to save their local textile industry. This ban has seriously affected Pakistani importers of cotton from India, who had booked about 200,000 bales, says a press release…
Egytex News Desk
Source: www.thenews.com.pk
Federal
Adviser on Textile Dr Mirza Ikhtiar Baig today talked to the Pakistani
High Commissioner in India, Shahid Malik, and requested to take up this
matter with the Indian authorities to allow shipment of cotton for
which sales contracts have been already executed. The Indian government
has asked exporters to re-register their valid contracts to allow
export of cotton on monthly pro rata basis.Dr Baig requested the
Pakistan high commissioner to arrange to expedite the process of
revalidation of contract as there is a serious shortage of cotton for
the textile industry in Pakistan.
Source: www.thenews.com.pk
From the Egytex news archive, first published on 5 May 2010. Figures and names are as reported at the time.
