Over the last few years Pakistan has remained under the shadow of big nations like China and Germany in terms of exporting goods, but not anymore. Today, it was reported that the country experience a surge in exports to France by 10.7% in 2015 compared to a year before under the European Union GSP+ scheme.
Subsequently, as per the reports, the revenue generated from the exports that proceeds to France amounts €768.37 million last year compared to €694.55 million over the corresponding year. Nevertheless, it is worth noting that despite the increase in exports to France, the country did not experience a surge in exports in US dollar term. Adding to that, it is worth noting that many industry gurus believe that with the advent of the China Pakistan Economic Corridor (CPEC), Pakistan entices many developing nations across the globe to strengthen trade relation with the country.
For the unfamiliar, France holds the seventh spot as the most export destination for Pakistan exports in the European Union during last year. Adding to that, the most exported items to France includes articles of apparel and clothing, made-up articles of textile materials, articles and apparel other than textile materials, hosiery, knitwear, baby carriages sports good etc.
Moreover, as per the Minister for Commerce Khurram Dastgir Khan said that the surge in exports of Pakistan to France is a consequence of export marketing strategy of country’s regulating bodies. He added that the country’s Trade Development Authority (TDA) of Pakistan has taken part in four exhibitions in France in a bid to experience surge in exports.
Mr. Dastgir further said that the Federation of Pakistan Chambers Of Commerce and Industry (FPCCI) formed Pak-France Business Council in a bid to actively promote bilateral trade relations between the two nations. In any case, many industry experts believe that the increase in exports will have the country in long run.