Exports to European markets during the first 11 months (July-May) of the outgoing fiscal year grew by an additional $700 million because of GSP+ status, said Commerce Minister Khurram Dastgir yesterday.
“The major share in this growth was grabbed by the textile and clothing sector,” he said while talking to media persons here.
Asked why the growth in exports to the European Union (EU) does not reflect in the overall export numbers for the last two months, the minister said this was due to the dip in exports of non-textile products in the wake of the rupee’s appreciation against the US dollar.
Dastgir said the government approved incentives for textile and non-textile value added sectors. “This will certainly boost exports, especially to the EU market.” He remarked.
