Mamnoon for strengthening global cotton economy

Mamnoon for strengthening global cotton economy

Mamnoon Hussain News

ISLAMABAD: President Mamnoon Hussain has stressed upon the cotton
growing countries to collectively address the issues and problems related to
cotton industry and strengthen global cotton economy, Business92 reported Wednesday.

Addressing the delegates of 75th Plenary Meeting of International Cotton
Advisory Committee (ICAC) at the Aiwan-e-Sadr late Tuesday evening,
Mamnoon Hussain the volatility of cotton prices in the international market,
technological gap between developed and developing countries, pricing issues
in textile industry and complex matters such as branding in the trading world
were some of the challenges being faced by cotton industry and called for joint
efforts to address these problems.

Moreover, Minister for Commerce Engineer Khurram Dastgir Khan and Minister for National
Food Security and Research Sikandar Hayat Khan Bosan were also present on the occasion.

President Mamnoon Hussain also said cotton industry has great significance for
Pakistan as 60 per cent of country’s foreign exchange depended on this sector
and it was also a mean for providing employment to skilled and unskilled workforce.

He further said Pakistan had made unprecedented progress in the areas of cotton
production and industry over the past few decades and was looking forward to
cooperate with the committee for growth and promotion of cotton industry for the
benefit of growers and manufacturers.

The president also noted that during the last few decades extraordinary changes had
occurred in cotton crop and related industries adding that new varieties of cotton were introduced which has changed techniques from cotton cultivation to production.

It was imperative to understand and adapt to these changes and prepare ourselves
for future innovations, he further emphasized.

Cotton Disease Effects

He also said similarly, over the last few years, some cotton diseases had also emerged
whose harmful effects either affected the quality of cotton crop or its production.

The president further highlighted that Cotton Leaf Curl Virus has emerged as a deadly
threat for cotton crop which caused considerable damage to cotton production
noting that in Pakistan, over a course of just one year, 4 million cotton bales were
damaged due to this virus which affected both the farmer and manufacturer.

He also stressed that in view of the international nature of the issue there was a need
for concerted efforts from the cotton community to address the problem.

The president underlined that cotton industry related problems demanded
immediate consideration so that all related matters from farmer to manufacturer
could be deliberated upon to evolve solutions.

It was essential that the Advisory Committee should be an effective international
institution to assess such problems and present solutions, he said, adding this could
be achieved if the Committee pursued its goals and meet on a continuous basis.

The president noted with appreciation that plenary meeting of Advisory Committee
was being held in Pakistan after a long time which was home to excellent cotton crop
and center of cotton weaving industry.

He appreciated Ministry of Textile Industry and Pakistan Central Cotton
Committee (PCCC) on successfully organizing this plenary meeting and hoped
that exchange of ideas and consultation between cotton producing, processing
and trading countries would be a source for further improvement and progress in this sector.

Later, the President also hosted a reception dinner for delegates of International
Cotton Advisory Committee.

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