GSP Plus: EU vote clears Pakistan's path for duty-free access to European markets

New status has the potential to create one million new jobs besides expanding export base.

Web Desk November 05, 2013
New status has the potential to create one million new jobs besides expanding export base. PHOTO: FILE

The European Union on Tuesday thumbed up Pakistan's request for duty-free access to European markets, paving way for the country's acquisition of the EU Generalised Scheme of Preferences (GSP) Plus status.

The Ministry of Commerce tweeted that the EU Parliament's International Trade Committee had voted 17-12-1 in favour of Pakistan's inclusion:





According to the ministry, Pakistan may now enter the GSP+ club from January 1, 2014, a prospect likely to create one million new Pakistani jobs.



The European parliament was considering the GSP+ package for 10 developing countries in all.

The GSP Plus is granted to those countries that ratify and implement international conventions relating to human and labour rights, environment and good governance. The EU has been closely watching Pakistan’s human rights record and also fiercely opposes the death penalty.

Exporters from various industries in Pakistan including textile were anxiously hoping for access to European markets, which promises huge potential for multiplying the country's current exports.

Industrialist and former president of the Karachi Chamber of Commerce Majyd Aziz tweeted in this regard:


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COMMENTS (19)

tamseela | 6 years ago | Reply | Recommend

Appeal :for the kind attention of Mr shahbaz sharif and CH. mohd sarwar.

Please announce the gas continuity without fail in textile sector before the announcement of GSP plus status for pakistann...it will make impact on eu union..as Pakistani Govt is ready to support its textile industry to grab the opportunities and enjoy the benefits of gsp plus status.

Thanks Tamseela hassan.

Muslim Leaguer | 6 years ago | Reply | Recommend

The EU vote came after the convincing speech of Governor Punjab, Chaudhry Muhammad Sarwar at the European Parliament. Good choice made by PMLN. Bravo!!

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