ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday reaffirmed Pakistan’s commitment to working closely with the European Union. He highlighted the importance of the GSP+ trade status in boosting exports. The prime minister emphasized mutually beneficial initiatives to enhance trade and investment with the EU. During the meeting, PM Shehbaz welcomed EU Ambassador Raimundas Karoblis and […]
GSP+ Status
GSP+ Status
This week, a seven-member EU delegation is in Islamabad to review whether Pakistan still merits the benefits of GSP+, the preferential trade scheme that allows its exports to enter European markets under zero or reduced tariffs. The outcome matters deeply for the export-dependent textile sector, the backbone of millions of livelihoods. Since 2014, when GSP+ […]
GSP+ Status: Pakistan’s Perspective!
Pakistan’s indispensable Generalized Scheme of Preferences Plus (GSP+) status is under intense scrutiny. GSP+ is a special incentive for developing countries to pursue sustainable development and good governance in exchange for zero import duties on approximately two-thirds of their export tariff lines. For Pakistan, the EU remains its largest export destination, with this status allowing […]