Good news for Pakistan regarding GSP Plus (General System of Preferences) in the European Union
Good news for Pakistan regarding GSP (General System of Preferences) Plus in the European Union! EU’s decision to continue GSP Plus facility, duty-free access to markets in the European Union will continue for Pakistan.
There has been good news for Pakistan regarding GSP Plus in the European Union. Advisor on trade Abdul Razzaq Daud said in his tweet that the European Union has decided to continue the GSP Plus (General System of Preferences) facility for Pakistan.
The GSP Plus facility for Pakistan will expire in 2024. The European Union met last month to maintain the status of GSP Plus (General System of Preferences) for Pakistan. Under the decision, concessions will continue for Pakistan in the European Union. He said that under GSP Plus, Pakistan was given duty-free access to European markets.
Thanked the European Union for maintaining the status of the GSP Plus (General System of Preferences)
He thanked the European Union for maintaining the status of the GSP Plus. Exporters expand the scope of exports to benefit from GSP Plus. Followed the terms of the agreement with the European Union for GSP Plus. Federal and state agencies are grateful for the steps taken to ensure GSP Plus.
Similarly, Advisor Trade Abdul Razzaq Dawood said the government was paying special attention to exports and despite the challenges the economic situation has improved, exports are constantly increasing and growth has increased by 13% over last year. The positive sign is that the barriers to foreign investment are being removed and many big companies are coming to Pakistan in the coming months.