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Pakistan, China eager to boost bilateral trade in textile sector

Pakistan, China Eager to Boost Bilateral Trade in the Textile Sector

SHANGHAI, China – Pakistan and China are actively engaged in strengthening their bilateral trade in the textile sector, as a competitive partner, China Economic Net (CEN) reported Tuesday.
A team from the CEN reporting cell in its survey conducted at the 2020 Joint Exhibition of China National Textile and Clothing Council in Shanghai noted that there was substantial growth in exports of cotton yarn from Pakistan to China in recent months. Besides, both sides have shown an interest in improving existing arrangements to compete with each other to provide better benefits to cotton producers and traders.
It was noted that Pakistan exported $54.613 million of cotton yarn in August, recording a decline of 51.36% in a year.
As data from the General Administration of Customs of China show, China imported $41.836 million worth of cotton yarn from Pakistan in August, 4.36 times the $9.592 million in the last year with an increase of 336% over a year.
Pakistan mainly produces low-grade sirospun yarns, such as 8 or 10, usually less than 21, which are primarily imported to southern China’s Guangdong Province to be made into denim, said Huang Xifeng, sales manager of Litai Xingshi’s import and export department (Taicang) Holding Co. Ltd.
“We imported around 1,000 tonnes of cotton yarn from Pakistan every year. Our denim fabric is made of thick, low-grade yarns, which are 10 or 8, not more than 12.” Yang Bin, manager of Seazon Textile and Apparel Co., Ltd. in Foshan, China, said in a statement interview with CEN.
Yang added that he has been cooperating with cotton yarn makers in Pakistan for ten years.
“As for Pakistani cotton yarn, we only imported it from Explorer, a Pakistani manufacturer, with whom we have been cooperating for more than ten years. Produced locally in Pakistan with American and Australian cotton as raw materials, it has the best quality of all. And yet, most other Pakistani producers adopt locally grown cotton, which can save hundreds of RMB per ton.”
“The main reason for the surge in imports is that Pakistan’s yarn exports to China benefit from zero tariffs, which gives them a tremendous competitive advantage internationally. That’s why we prefer Pakistani cotton yarn even though it is offered at the same price,” said Ke Jiangwei, general manager of Xiamen Naseem Trade Co., Ltd., which has imported Pakistani yarn for many years.
“The cotton yarns 8 and 10 from Pakistan are currently in high demand in Lanxi City, East China’s Zhejiang Province. A factory with more than 200 looms can handle 200 to 300 tons of cotton yarn,” said He Hao, a salesperson from Shengzhou Shengtai Haobang Textile Co. Ltd. in an interview.
He suggested that Pakistan could try to produce cotton yarn with cotton blended through a new technique called rotor spinning.
Pakistani cotton spinning products have been what we have needed for a long time, so we will continue to import them as long as they can be consumed in this country.
(Sahar News Monitoring Desk)

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