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EU to grant GSP Plus status to Pakistan on Dec 11: Governor Punjab

EU to grant GSP Plus status to Pakistan on Dec 11: Governor Punjab

LAHORE: Punjab Governor Ch. Mohammad Sarwar said that European Union will grant the GSP Plus to Pakistan on December 11 to allow duty-free access to Pakistani products to EU.

The governor said the status will be formally granted to Pakistan at an EU parliamentary session on December 11.

The European Commission has already approved the package. The imminent grant of GSP-Plus to Pakistan is largely the result of support from Germany, Pakistan’s biggest trading partner in Europe. The two countries have a trade volume of over $2 billion.

Last month, German ambassador to Pakistan Cyrill Nunn told a press conference in Islamabad that “Germany’s position on the Generalised Scheme of Preferences (GSP) Plus is known and it supports Pakistan’s application.”