FAISALABAD. Pakistani Textile Exporters should avail from the opportunities to sneak into the Japanese market and increase their share to the reasonable level, said Engineer Suhail Bin Rashid President FCCI.
He was addressing a seminar on “Access to Japanese Market”. It was jointly organized by Trade Development Authority of Pakistan (TDAP), Japan International Cooperation Agency (JICA) and Faisalabad Chamber of Commerce and Industry (FCCI) here today.
Engineer Suhail Bin Rashid said that Japan and Pakistan enjoy cordial diplomatic and economic relations since, 1952. “Pakistan being the main source of raw cotton for Japan’s Textile Industry, is still one of its major trading partner, he said and added that Japanese spindles helped Pakistan to develop its primitive textile Industry. He said that in 1960 Japan reemerged as a modern industrialized country and since them it has been Pakistan’s major source of economic assistance, a leading trading partner and an important source of foreign direct investment.
Continuing, president FCCI said that both the countries have bilateral trade volume of 2.12 Billion US Dollars in 2012-13, with balance of trade in favor of Japan. Analyzing Pakistan’s exports to Japan, he observed that still cotton and raw materials dominates the major export items to Japan. However, we must increase the export of finished goods; he said and told that Japan is the second largest consumer market having economy size of 5.964 Trillion US Dollars with world import of approximately 885.84 Billion US Dollars in 2012.
He said that Japanese market is very complex with a large number of intermediaries. He said that in order to penetrate in this market we must have in depth knowledge of local customs and remain prepared to make substantial investment in human as well as material resources.
Engineer Suhail Bin Rashid also appreciated the in time step taken by TDAP to hold this seminar of practical importance and hoped that exporters would avail from the prevailing opportunities to increase our exports to this destination.
Mr Allah Dad Tarar Director TDAP Faisalabad said that JICA was making serious efforts to further strengthen our economic relations and in this connection numbers of projects were launched for technology transfer and human resource development.
He said that Pakistan was exporting its quality textile products to various destinations across the globe by our exports to Japan declined during last decade. He stressed the need to diversify our products and said that we should also concentrate on non traditional markets including Japan. He said that this seminar has been arranged to give in-depth knowledge to the textile exporters to fully understand the problems and opportunities of the Japanese market.
Mr Hideaki Shimizu an expert from JICA said that a study was conducted to explore opportunities for Pakistani textile products in Japan. In this connection 100 Pakistani companies were contacted including 9 from Faisalabad. He said that Mr. Yoshiai Kamiyama a senior consultant of Japan Textile Import Association has been invited to give a detailed presentation on this issue. He said that JICA was also compiling a booklet for Japanese importers while a delegation is also been arranged for Japan.
Mr. Adil Tahir Vice Chairman Pakistan Textile Exporters Association also addressed the seminar and said that there was huge scope for textile export to Japan which remained untapped till now.
Mr. Yoshiai Kamiyama a senior consultant of Japan Textile Import Association gave detailed presentation and said that Japan is importing textile product worth 40 Billion US Dollars per annum but out of it Pakistan’s share is only 0.23%. Similarly, he also gave statistics and said that at retail level the percentage of ladies garments is 57%, followed by 31% for men’s and 125 for kids. He said that china has closed or relocated its textile industry and Japan was forced to fulfill its requirements from Bangladesh, India, Myanmar, and Cambodia etc. He said that Pakistan being a major cotton producing country should also exploit from this opportunity by further improving its production and quality.
During question answer session, Azhar Majeed Sheikh, Mr. Suleman Aslam and other participants raised interesting questions that were well responded by the Japanese experts.
Later, special shields were presented to Mr Allah Dad Tarar Director TDAP Faisalabad and Japanese experts on behalf of FCCI.
Chaudhary Muhammad Asghar vice President FCCI thanked the guests and participants for making this event productive and successful.
The meeting was also attended by Mr. Riaz-ul-Haq Senior vice President FCCI, Mr Talat Mehmood and other executive members.
Market, Textile, Pakistani Textile
FAISALABAD. Engineer Suhail Bin Rashid President FCCI, Mr Hideaki Shimizu an expert from JICA, Mr. Yoshiai Kamiyama a senior consultant of Japan Textile Import Association, Mr. Adil Tahir Vice Chairman Pakistan Textile Exporters, Mr Allah Dad Tarar Director TDAP Faisalabad are addressing a seminar on “Access to Japanese Market”.