APTMA and the American Cotton Council Agree to Strengthen Bilateral Cooperation
The All Pakistan Textile Mills Association (APTMA) and the Cotton Council International, USA, have decided to strengthen bilateral cooperation in the field of cotton in addition to exploring investment opportunities in Pakistan.
LAHORE, (UrduPoint/Pakistan Point News – September 1, 2022): The All Pakistan Textile Mills Association (APTMA) and Cotton Council International, USA, have decided to strengthen bilateral cotton cooperation in addition to exploring investment opportunities in Pakistan.
A high-level delegation from the Cotton Council International, USA, led by Mr. William Bettendorf, Cotton USA Supply Chain Manager, Mr. Lieven Verraest, CCI Technical Assistant, Mr. Brian Dewayne, Cotton Inc, Mr. Carl Peltzer, Mr. Carlo Bocardo, Mr. Jeff Elder, Merchants and Mr. Al Hlavin, Cotton Incorporated visited the APTMA House here on Thursday to deliver a seminar on the qualities, challenges and solutions of cotton. Mrs. Kathleen Gibilisco, Political/Economic Officer, US Consulate General in Lahore, was the guest of honor on this occasion.
APTMA President Abdul Rahim Nasir welcomed the delegation along with Kamran Arshad, Khawaja Muhammad Anis, Asad Shafi and General Secretary Raza Baqir.
Mr. William Bettendorf, Regional Director of CCI, said the visit of the US cotton delegation has become a regular feature in recent years. He hoped that this interaction would help resolve issues related to cotton production and trade between the two countries. He said the objective of organizing the seminar was to educate APTMA members on cotton quality, challenges and possible solutions to the challenges faced by Pakistani cotton farmers.
Speakers from Cotton Council International discussed in detail the challenges facing cotton production in various cotton growing regions around the world. They highlighted aspects related to the development of eco-friendly cotton production in textiles and business challenges and solutions for the Pakistani textile sector. Foreign delegates briefed APTMA members on global best practices in cotton and textile trade adopted by various countries to meet new challenges.
Speaking on the occasion, Rahim Nasir, Chairman of APTMA, said the United States was Pakistan’s largest trading and investment partner with total two-way trade of $9.85 billion in 2021- 22, including over $5 billion in textile exports from Pakistan to the United States.
He said cotton production in Pakistan had unfortunately dropped to around 8 million bales this year against an estimated consumption of 15 million bales. He advocated for the strengthening of bilateral trade relations to ensure the transfer of technology for high yielding cottonseed to Pakistan. He also insisted on facilitating the entry of international seed companies with transgenic technology. He urged the US delegation to introduce improved, genetically modified and certified seeds in Pakistan besides sharing weather forecast information.
Rahim Nasir highlighted the American Cotton Research Institutes for capacity building of agricultural research institutions in Pakistan to encourage training on contamination-free cotton production and joint ventures with Pakistani partners .
Ms. Kathleen Gibilisco, Head of the Economic Wing of the US Consulate, thanked APTMA for organizing an informative and educational session for its members. She expressed the hope that such programs would continue in the future and assured APTMA of the fullest cooperation and assistance from the US diplomatic missions in Pakistan in organizing such events. She said these visits have not only improved trade and investment opportunities, but also helped promote cultural relations.
She added that mutual cooperation between US cotton growers and the Pakistani textile industry provided a win-win situation for both countries where raw cotton imported from the US was converted into manufactured textile products and re-exported to the United States. United after enormous added value. She emphasized the growth and sustainability of trade and economic relations between Pakistan and the United States. She expressed confidence that the current trend of growing trade and economic ties will also continue in the future.
Earlier, Senior Vice President Kamran Arshad made a detailed presentation on the textile sector as well as cotton production and consumption patterns in Pakistan. He presented an analysis of US-Pakistan bilateral trade and suggested a way forward for promoting bilateral relations and improving cotton production in Pakistan.