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Brands Establish a Buyers Forum for Pakistan

A dialogue began on Tuesday with 27 participants representing 17 brands to decide on the establishment of a Buyers Forum for Pakistan. The initiative will work toward enhancing the access to global markets and increasing market share. It is also aimed to promote advocacy on the nexus between trade and employment in certain compliance to International Labor Standards (ILS) leading to the realization of the full benefits of Generalized System of Preferences (GSP) Plus status.

The session embodied a series of presentations from Pakistan’s ministry of textiles, ministry of overseas Pakistani and human resource development and the ministry of textiles. Each provided the policy, legal and regulatory environment of the textile sector, along with the government’s trials and developments on coordination, compliance and reporting.

The International Labor Organization (ILO) reported that the Royal Netherlands Embassy provided insights on the workings of other Buyer Forum models, while World Bank Group member the International Finance Corporation (IFC) provided information on the Global Trade Supplier Finance Program that could facilitate the growth of buyers’ portfolio.

Following the technical session, a closed-door session took place to “set the tone for the establishment of a Buyers Forum in Pakistan and affirmed the various brands commitment to raising the image of Pakistan as a viable source for garments and textiles,” the ILO wrote.

A follow-up meeting is set to take place in January 2015.