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Exporters await notification of GSP+ facilitation committee

Exporters await notification of GSP+ facilitation committee

ISLAMABAD: The Ministry of Commerce & Textile Industry has not notified GSP plus Facilitation Committee up till now. Exporters are worried as the new scheme would become operational less than a week from now.

Sources said that after consultation with all stakeholders, the Ministry had decided to set up a GSP plus Facilitation Committee to ensure smooth export to EU countries by removal of regulatory bottlenecks related to Customs department, Anti Narcotics Force, FBR, SBP, Labour Departments, etc.

They added that delay in constitution of the committee might hamper the prospects of GSP since only a week remains for the scheme to become operational. Stakeholders are anxious for early notification of the GSP plus Facilitation Committee.

Official sources said that the textile division and stakeholders had proposed to the government to bring back textile sector to zero rating while all their drawbacks amount held by the government should be immediately cleared to fully reap the benefits of GSP plus.