European region: Pakistan can increase exports by $1b

KARACHI: Pakistan can increase its exports to Europe by up to $1 billion annually due to the facility given to the country under GSP Plus. It is a golden opportunity and the country should avail full benefits from it. This was said during an awareness seminar on GSP Plus held here at Korangi Assocation of Trade and Industry (KATI) office. The seminar was also attended by former vice president and focal person of GSP Plus FPCCI and former chairman KATI, Gulzar Firoz, among others. Firoz said that efforts of Prime Minister Nawaz Sharif and Federal Minister for Commerce Khurram Dastgir Khan were appreciable in acquiring the status of GSP Plus. He informed that Pakistani exporters should reap the benefit of a decrease in the rate of duty by 3-10% on different items as compared to good exported to China, India, Thailand and Indonesia.

Published in The Express Tribune, May 15^th, 2014.

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