EU to help boost textile exports.

LAHORE -- The European Union (EU) and local textile industry joined hands on Tuesday to work towards ensuring Asustainable growth of the country's textile sector.

'Pakistan needs to prepare itself to meet the challenges of sustaining GeneraAlised System of Preferences Plus (GSP+) status so as to avail the opportunities of increasing exports to the EU,' the union's Ambassador-Designate to Pakistan Ms Androulla Kaminara said while speaking at a meeting with the All Pakistan Textile Mills Association (Aptma).

Since the grant of GSP+ status in 2014, the country's exports to the EU have increased by 62 per cent. In the early years of the facility, Pakistan's exports to the EU witnessed significant growth but later stagnated at pound 5.514 billion for the last three years.

The prime reason was the relocation of buying houses of major retailers and...