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Pakistan Will Continue Availing Tariff Preference in EU: Ministry of Commerce
Pakistan will continue availing tariff preferences in EU under GSP Plus, said the Ministry of Commerce.
Advisor to Prime Minister on Commerce and Industry Razzak Dawood took to Twitter on Friday and announced that Pakistan will continue to enjoy tariff preference in EU under GSP plus.
The 3rd Biennial Assessment of GSP was published by the European Commission on 10th February, 2020.
The ministry issued a statement saying that as per GSP Regulation, the commission and European External Action Service (EEAS) has to submit a report to the European Parliament and European Council on the performance of GSP Scheme and the status of compliance of GSP beneficiary countries on the 27 international conventions covered under the Regulation.
On the economic front, Pakistan was a significant beneficiary of the benefits availed by 9 GSP Plus beneficiary countries. Besides Pakistan, other beneficiaries of GSP Plus include Armenia, Bolivia, Cape Verde, Kyrgyzstan, Mongolia, Philippines, and Sri La..