Pakistan was last given concessionary access to the European market in 2002

Islamabad, June 15, 2012 (PPI-OT): Pakistan was last given concessionary access to the European market in 2002 which lasted for three years. Since then, we have been pleading our case with the European Union (EU) for similar arrangement. Now Ministry of Commerce would like to thank the European Parliament and also share the good news with the people of Pakistan, regarding the helpful development. Yesterday, the European Parliament has voted to approve draft legislation for the new EU scheme for Generalised System of Preferences (GSP). This scheme will replace the current GSP scheme from January 2014.

Under the new scheme some of the existing criteria for GSP Plus beneficiaries have also been changed. Most significantly as per the new criteria a country will be eligible for GSP Plus only if its GSP covered exports to the EU account for less than 2% of the EU’s total GSP imports, instead of the 1% applied today.

This increase in criteria from 1% to 2% will make Pakistan and a few other countries eligible to apply for GSP Plus, provided they fulfill the other criteria such as the commitment to effectively implement 27 International conventions relating to good governance, human rights and sustainable development etc. In case Pakistan is able to meet all the criteria for GSP Plus, its exports to the EU under the concessionary tariff lines will receive duty free treatment from 2014 onwards.

For more information, contact:
Ministry of Commerce
Mr. Iftikhar Ali Qureshi,
ACS/Incharge Computer Section,
Tel: 051-9208692,
E-mail: mincom@commerce.gov.pk

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