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| Pakistan Hopes To Obtain EU GSP+ Tariff Concessions |
by Mary Swire, Tax-News.com, Hong Kong
Monday, February 08, 2010
Zafar Mehmood, Federal Secretary for Commerce, at a meeting with the Karachi
Chamber of Commerce and Industry, has disclosed that Pakistan is to apply to
the European Union (EU) for tariff concessions for its goods exports under the
Generalised System of Preferences Plus (GSP+) arrangements.
The additional preferences under the EU’s GSP+ are targeted as an incentive
to vulnerable developing countries to implement a set of key international conventions
in the fields of human rights, core labour standards, sustainable development,
and good governance. The GSP+ tariff concessions – which take the form of duty-free access
– cover roughly 6,400 products.
While the political situation has improved, he confirmed that the country’s
trade was still being affected by a number of issues. He said that all the relevant
information has been compiled in a booklet and documentary for presentation
to the EU, and felt that a strong case for GSP+ preferences could be made in
a forthcoming Pakistan-EU meeting.
With regard to possible bilateral free trade agreements (FTAs) with other countries,
he informed the meeting that the government has established a committee for
their preparation and evaluation, so that Pakistan would be assured of obtaining
maximum benefit from their completion. He pointed to the existing FTA with China,
from which, he said, the country had obtained little return.
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