Home / Knowledge / News / Textiles / Pak optimistic of gaining EU GSP-Plus status next year
Pak optimistic of gaining EU GSP-Plus status next year
03
Mar '12
Pakistan is positive about gaining the Generalised System of Preferences (GSP) Plus status in 2013, to be conferred by the European Union. The status would greatly boost Pakistan's exports to the EU, including textiles, a major export item of Pakistan.

Finance Secretary Wajid Rana told the National Assembly Standing Committee on Finance that Pakistan is in talks with the EU to win the GSP-plus status and the decision in this regard is likely to be taken in 2013.

He said the GSP Plus status would be in addition to the recent announcement of duty-free access to the EU for 75 Pakistani items, mostly textile items.

He added that the Government would further discuss regarding the GSP-Plus status at the forthcoming Pak-EU Strategic Dialogue and Pak-EU Summit.

Mr. Rana disclosed that a meeting of the PAK-EU Joint Commission has been scheduled to discuss Pakistan's access to the EU market, prior to the scheduled visit of the EU Foreign Minister to Pakistan in April this year.

He revealed that the concerned Ministries in Pakistan like the Ministry of Commerce are working to prepare a strong case to be put at these key meetings.

Pakistan's exports to the EU are likely to be hit by the eurozone crisis, however, the negative impact would be offset by duty-free access for 75 items to EU countries, Mr. Rana said.

During the initial seven months of the current fiscal, Pakistan exported textiles worth US$ 7.6 billion, up from exports of US$ 6.9 billion achieved during the corresponding period of the previous fiscal, Mr. Rana informed.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search