Pakistan is concerned that the US economic recession will affect textile exports

by:JIYALI     2021-08-06
Pakistan's 'News' reported on January 27 that if the US economy declines, it will have an unprecedented impact on Pakistan's textile exports. The United States is the traditional export market for Pakistani textiles, and Pakistani textiles are widely favored by American middle and low-end consumer groups. The annual export to the United States is about 4 billion U.S. dollars, which is about 50% of Pakistan's total textile exports. Industry insiders have pointed out that the domestic political instability has caused MadeinPakistan products to suffer, and the US economic recession will undoubtedly make the export of textiles worse.
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