Carpet

Pakistan’s carpet industry is likely to boost after China and Pakistan agreed to include handmade carpets in their free trade agreement.

The vice-chairperson of Pakistan’s Carpet Manufacturers and Exporters Association, Riaz Ahmed, told the media that the carpet sector had “hit rock bottom due to many trade-related challenges.”

The annual exports of handmade carpets in 2015 dipped to $68 million from $300 million the previous year; due to the rising transport fares, tax duties, custom clearances, and warehouse rent.

As a result, thousands of daily-wager women lost their jobs.

The aforementioned free-trade agreement will give hand-knotted carpets, among 313 other export items, duty-free access to China’s $2 trillion import market.

Riaz Ahmed further added that Pakistan’s handmade carpet’s “cheap labour costs are attractive for Chinese investors.”

The writer is a member of staff
The reporting desk can be reached at info@thecorrespondent.com.pk

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