Aptma rejects ban on import of cotton from India
The Dollar Business Bureau The All Pakistan Textile Mills Association (Aptma) has rejected the demands to stop importing cotton from India. These demands were made by the Senate Committee on National Food Security and Research. According to this committee, Pakistan’s agricultural economy will be ruined if its government does not prevent the import of 0.5 million bales of cotton from India via the Wagah Border. As there is an adequate stock of cotton lint with Trading Corporation of Pakistan (TCP), the observations made by the Senate Committee are baseless, Aptma Chairman Tariq Saud said in a statement on Thursday. In a recently held meeting under the leadership of Commerce Secretary, the officials of the TCP have confirmed that a balance stock available ...
India has support of 46 countries over food security concerns, WTO TFA: Rajeev Kher
The Dollar Business Bureau | @TheDollarBiz The Indian government has allocated around 58.8 million tonnes of foodgrains in FY2013-14 for Targeted Public Distribution System (TPDS)/ National Food Security Act (NFSA), and other welfare schemes. It is over 23% of India’s total annual foodgrains production of around 250 million tonnes. Rajeev Kher, India’s Commerce Secretary, has said that 46 countries in the G33 group have endorsed India’s stand that the World Trade Organisation (WTO) should first address food security concerns before finalising the Trade Facilitation Agreement (TFA). Speaking at an Interactive Session with the Heads of Regional Economic Communities (RECs) from Africa organised by the Confederation of Indian Industry (CII) in New Delhi, Rajeev Kher pointed out that India is not ...
