Pakistan’s GSP+ status, a critical trade benefit that supports exports and employment, is now under threat. Recently, Qasim Khan, son of former Prime Minister Imran Khan, urged the European Union to revoke the country’s GSP+ privileges. This move has sparked concern over its potential impact on the nation’s fragile economy. Experts warn that any attempt […]
European-union
US launches trade probes into dozens of countries
WASHINGTON – The United States (US) has launched new investigations into what it describes as unfair trade probes by dozens of countries, potentially paving the way for fresh tariffs as President Donald Trump seeks to revive duties previously struck down by the Supreme Court. Read More: US Supreme Court strikes down Trump’s global tariffs The Trump […]
EU launches grants to support media freedom in Pakistan
The European Union has launched a new call for proposals to support projects aimed at promoting freedom of expression and media freedom in Pakistan, with concept notes due by 7pm on April 21. The initiative is designed to back civil society-led efforts working in an area the EU says remains under pressure despite some recent […]
GSP+ ‘crucial framework’ for mutually-beneficial EU trade: Dar
Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday emphasised that the Generalised Scheme of Preferences Plus (GSP+) preferential trade scheme remained a crucial framework for mutually beneficial trade with the European Union (EU). The EU’s GSP+ offers developing countries preferential access to European markets in return for commitments on sustainable development and good […]
GSP+ in spotlight as PM assures EU of cooperation
Prime Minister Shehbaz Sharif said on Thursday that Pakistan was committed to working closely with the European Union (EU) on mutually beneficial trade enhancement initiatives, especially through the Generalised Scheme of Preferences Plus (GSP+) preferential trade scheme. The EU’s GSP+ offers developing countries preferential access to European markets in return for commitments on sustainable development […]
India, EU finalise landmark trade deal, PM Modi calls it ‘mother of all deals’
India and the European Union have finalised a long-awaited trade agreement, Indian Prime Minister Narendra Modi announced on Tuesday, calling it the “mother of all deals.” The pact aims to strengthen economic ties and hedge against volatile trade relations with the United States. Read More: Europe and India push for historic ‘mother of all deals‘ […]
EU lawmakers stall US trade deal in protest over Greenland
The European Parliament has decided to suspend its work on the European Union’s trade deal with the United States in protest at US President Donald Trump’s demands to acquire Greenland and threats of tariffs on European allies who oppose his plan. The EU assembly has been debating legislative proposals to remove many EU import duties […]
EU states condemn Trump tariff threats, consider countermeasures
Major European Union states decried U.S. President Donald Trump’s tariff threats against European allies over Greenland as blackmail on Sunday, as France proposed responding with a range of previously untested economic countermeasures. Trump vowed on Saturday to implement a wave of increasing tariffs on EU members Denmark, Sweden, France, Germany, the Netherlands and Finland, along […]
Kremlin welcomes European calls to resume dialogue
MOSCOW: The Kremlin on Friday described recent calls by European leaders to re-engage with Russia as “positive,” following statements by French and Italian officials advocating renewed dialogue over the Ukraine conflict. Read More: Kremlin warns EU of economic backlash over new sanctions Dialogue between the European Union and Russia has largely stalled since Moscow launched its full-scale offensive […]
Bulgaria adopts euro, joins eurozone as 21st member
Bulgaria on Thursday officially adopted the euro, becoming the 21st member of the eurozone nearly 20 years after joining the European Union, a landmark step welcomed by EU leaders but met with mixed feelings at home. At midnight, the Balkan nation retired its long-used currency, the lev, which had been in circulation since the late […]