Pakistan allowed tariff-free export of 75 products to EU markets

Published: February 1, 2012
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The Pakistan-specific trade package will enter into force after its formal approval by the WTO General Council. DESIGN: MOHSIN ALAM

The Pakistan-specific trade package will enter into force after its formal approval by the WTO General Council. DESIGN: MOHSIN ALAM

ISLAMABAD: The Council for Trade in Goods (CTG) on Wednesday unanimously approved a Pakistan-specific EU trade package to allow tariff-free export of 75 Pakistani products to EU markets over the next two years.  

The package, Autonomous Trade Preferences – approved by the CTG of the World Trade Organization (WTO) at its meeting in Geneva, will enter into force after its formal approval by the WTO General Council in March this year.

The EU Trade Package will help Pakistan deal with economic losses caused by the unprecedented floods in Pakistan in 2010. It would help increase Pakistan exports to EU countries and generate thousands of jobs in Pakistan.

A statement issued by the Foreign Office said Pakistan was grateful to WTO member countries for their support.

“The Government of Pakistan particularly appreciates the European Union and its member states for their commitment to help Pakistan revive and stabilize its economy through trade.”

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Reader Comments (10)

  • Ravez Junejo
    Feb 1, 2012 - 7:30PM

    Another victory of the foreign and trade policy of the PPP government! This is the difference between our party and the others. We make achievements possible!

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  • fahim
    Feb 1, 2012 - 7:56PM

    @Ravez: What achievement? Without the consent of India and BD, this would have never been a possible. We owe big time gratitude to India to lift their reservation. On our part, we have acted like beggars asking for a mere 2 year concession, when we dont even have the capacity to meet existing demand. 70% of our industries are closed and companies have moved to other countries. What are u proud about? Recommend

  • Khan
    Feb 1, 2012 - 8:07PM

    @Ravez Junejo:
    No wonder Pakistan is so prosperous and developed … all credit goes to PPP & PML (!)
    There has been no achievements for Pakistan in recent decades at least .. We used to rely on other countries for materials and now we rely even for electricity and food and almost every thing. If for once PPP govt is sincere they will stop pouring money in to PIA & Railways and privatize it immediately, will apply single curriculum throughout the country and expel millions of refugees while closing Western border competely except for trade.
    Alas, they have not been able to build a dam in almost 5 years despite chronic power shortages in the country .. let alone expecting any thing else from PPP & PML govts. Time to kick out tested players of politics (not parties).

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  • shafqat
    Feb 2, 2012 - 10:20AM

    this is useless, the items allowed are less demand in European market, they have not allowed the items which help to boost our export, really after passing of 15 month we got lolly pop and nothing

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  • Hedgefunder
    Feb 2, 2012 - 1:17PM

    I am trying to find a list of items approved for this trade, does anyone have source to this list?

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  • Zain
    Feb 3, 2012 - 2:57PM

    The person who drew up this list should be SHOT! It does not include any value added Home Textiles which have a GREAT demand in the EU market!

    Its time for the PPP to step out and PTI to step in!

    God have mercy on this country and help the poor!

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  • Imran Ahmed
    Feb 5, 2012 - 10:48PM

    Will it help flood affected people NOOOOOOOOOOO as all industries are in karachi and punjab where no flood happened

    The EU Trade Package will help Pakistan deal with economic losses caused by the unprecedented floods in Pakistan in 2010. It would help increase Pakistan exports to EU countries and generate thousands of jobs in Pakistan.

    Recommend

  • Wasif
    Feb 6, 2012 - 4:09PM

    Can anyone tell me that list of 75 Pakistani products.

    Thanks

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  • Daud Akbar
    Feb 6, 2012 - 7:37PM

    Please this is the third request from the bloggers to guide us the site link where the list of 75 products are listed. If available with anyone please share it for the information.

    Am despirately waiting for the reply.

    Regards.

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  • Reema Riaz
    Feb 9, 2012 - 11:00AM

    You can find the list of the 75 items here:

    http://www.fibre2fashion.com/news/images/newspdf/107684_87949.pdf

    Regards,
    Reema

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