Businessmen have urged the new government to initiate lobbying for continuity of the GSP Plus besides implementing new Textile and Apparel Policy through revival of Pakistan Export Promotion Board.
In a statement on Thursday, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chief Coordinator Ijaz Khokhar made an appeal to Prime Minister Shehbaz Sharif and commerce minister Naveed Qamar to get personally involved in this issue of national importance.
He called upon the two office bearers to give directives to all stakeholders besides taking the value-added apparel sector exporters onboard to devise a strategy to influence the EU countries for renewal of the GSP Plus status for Pakistan.
“Though the present status will expire in December 2023, Pakistan can face its destructive effects from next year because the international buyers will start searching for other regional suppliers for placing new orders, leading to export loss of around $3 billion for Pakistan,” he warned.
Khokhar stated that extension in the European Union’s status has played a great role in enhancing Pakistan’s exports. The government will have to act immediately to push the EU countries for extension of GSP Plus facility to Pakistan for another 10 years.
Published in The Express Tribune, April 22nd, 2022.
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