Monday, April 22, 2024, 3:50 PM
BREAKING NEWS
**Imran, Qureshi sentenced to 10 years in cipher case **Special court in Rawalpindi convicted former Prime Minister Imran Khan under official Secrets Act **Decision was announced by special court Judge Abul Hasnat Zulqarnain during hearing at Adiala Jail
Home Top News EU MPs roll over rules on GSP+ till 2027 for Pakistan, says commerce minister

EU MPs roll over rules on GSP+ till 2027 for Pakistan, says commerce minister

European Council expected to give its final approval for extension of current scheme soon

by NWMNewsDesk
0 comment

The members of the European Parliament of the European Union have decided to roll over the rules on the Generalised Scheme of Preferences-Plus (GSP+) till 2027, the commerce minister said on Thursday.

“The European Council is expected to give its final approval for the extension of the current scheme soon,” Gohar Ejaz said in a post on X, erstwhile Twitter.

In July, this year, the European Commission proposed extending Pakistan’s GSP+ status for another four years as a contingency measure. The special incentive is set to expire at the end of this year.

banner

The GSP+ scheme became effective on Jan 1, 2014. The top export destinations for Pakistan are Germany, the Netherlands, Spain, Italy, and Belgium

“The proposed extension of the current regulation for GSP+ in effect that means no change for Pakistan at the moment,” EU Ambassador to Pakistan Dr Riina Kionka said in a statement on July 7, 2023.

She explained that Pakistan enjoyed the same trade preferences and access to the European markets and it has the same obligations as before in terms of implementing 27 human rights, labour rights, governance, and the environment.

The EU Ambassador to Pakistan said they were keeping a close eye on Pakistan and the proposed continuation of the regulation applied to all eight beneficiaries of GSP Plus.

You may also like

In a recent breakthrough, researchers have found that the updated COVID-19 vaccine has demonstrated an impressive 95% efficacy rate against the emerging Delta variant, which has been causing widespread concern globally.

Blogs

Latest Articles

© 2023 News World Media. All Rights Reserved.