UNISAME STRESSES NEED FOR EXPORT CREDIT GUARANTEE INSURANCE AND SME EXPORT HOUSE IN STPF

The Union of Small and Medium Enterprises (Unisame ) whilst thanking the prime minister (PM) Mian Nawaz Sharif and federal commerce minister Engineer Khurram Dastagir for the approval of the much awaited Strategic Trade Policy Framework (STPF) urged the PM to order its fast implementation and to include SME marketing support and export credit guarantee insurance to make effective strategy to enhance exports.

President UNISAME ZulfikarThaver pointed out that without low premium export credit guarantee insurance and secondly finance for exports to third world countries and thirdly promoting exports to non traditional markets of non traditional and traditional goods by financing exports under collateral management schemes, the exports would not get a boost.

He complained that the establishment of the SME Export House has been shelved although the trade Development Authority of Pakistan (TDAP) had prepared its feasibility and the steering committee was formed and it was to be set up but abandoned. Even the SME Gallery for the internet exhibition of SME wares has been delayed for no valid reason.

He also invited the kind attention of the PM to the requirement of balancing, replacement and modernization of industrial units to meet global challenges and urged the PM to facilitate these in the STPF for better results.

He said banking, insurance , global marketing technology and logistics are the key to export promotion and unless there is modernization in these spheres there cannot be high impact.

The union expressed thanks for the research and development policy and the 0 rating for exports and for taking into account the issues of basmati rice exports.

The union assured the PM of best efforts of the SME sector for value addition which is the theme of the STPF.

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