TDAP organizes Pakistan’s First International Virtual Textile Expo 2021
Pakistan’s first international Virtual Textile Expo 2021 was organized by Trade Development Authority of Pakistan (TDAP) in collaboration with the Economic and Trade Wing London.
The aim of the virtual expo was to create awareness about the potential of the Pakistan textile sector, demand in the UK market and to connect buyers and sellers through this virtual platform, according to the official statement.
Around 100 leading businessmen from Pakistan and the UK attended the webinar. Virtual Expo is a one stop sourcing event for home textiles, readymade garments and apparels, high-end fashion garments, fabrics as well as Personal Protective Equipment (PPE) amid the COVID-19 challenge.
Pakistan’s High Commissioner to the UK, Moazzam Ahmad Khan, said that the textile sector of Pakistan constitutes around 60% share in Pakistan’s total exports and is also one of the very few countries of the world which houses the entire value chain of textile products.
Pakistan-UK trade potential
“Pakistan’s exports to the UK market enjoy duty-free access which resulted in exponential growth in the exports of textile products, reflecting an upward trajectory in Pakistan-UK trade relations.” He urged the UK businessmen to take advantage of Pakistan’s friendly investment policies and liberal trade and investment regime.
HC Moazzam Ahmad Khan also shared with the audience that Pakistan’s exports to the UK have increased by 22% touching the historic mark of one billion dollar in a six-month period despite the COVID-19 pandemic and lockdown restrictions.
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During the webinar, Trade and Investment Minister Shafiq A. Shahzad highlighted the potential for enhanced trade between Pakistan and the UK.
Saeed Khilji, Chairman Textile Manufacturing Association Leicester and Ms Faryal Sadiq, Vice President Sales & Marketing, Interlope highlighted emerging demand of Pakistan’s wide range of textile and apparel products in the UK market, and called for the need for compliance of standards to increase its market share.