This would enable companies to attain international standards, the council said in a policy paper presented to the commitee set up to frame the new textile policy. A seperate fund should be earmarked to fund voluntary retirement schemes for manpower rationalisation, says the council. The policies are often found to be delienated from export objectives and compromises are made to satisfy particular interest, says the council.

Long-term players in the export business should largely be allowed to avail of quotas which will help them to guarantee quota to their regular buyers, it says. Since the US is a expanding market for cotton yarn, government should strive for early inegration of the product into General Agreement For Tariffs andTrade (GATT) as was the case with Pakistan, it says.