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EU may grant GSP Plus to Pakistan in 2013: Danish envoy
17
Sep '13
The European Parliament is most likely to grant Generalised System of Preferences (GSP) Plus status to Pakistan in its forthcoming meeting scheduled for December 2013, Danish Ambassador to Pakistan Jesper Moller Sorensen said during a meeting with Farooq Iftikhar, president of the Lahore Chamber of Commerce and Industry (LCCI).
 
The Ambassador said Pakistan’s exports to the EU would get a considerable boost as soon as the country gets GSP Plus status from the EU, according to a LCCI press release.
 
Mr. Sorensen appreciated the business opportunities in Pakistan and said that it is a lucrative market with enormous potential. He added that low labor costs, rising middle class and a huge chunk of the population consisting of youth, makes it an attractive destination for investment.
 
“Denmark aims to increase trade ties with Pakistan. To better assist Danish companies on the Pakistani market, the Embassy of Denmark in Islamabad will open a commercial section later this year,” the Ambassador said.
 
Mr. Iftikhar said Pakistan produces the finest quality of textile products, readymade garments, bed linen, and other products and stressed on the need for exchange of business delegations between the two countries to give boost to two way trade volume.
 
Around 40 percent of US$ 95 million worth of exports made by Pakistan to Denmark in 2012 was related to the textile industry, according to the Danish Embassy in Pakistan.
 

Fibre2fashion News Desk - India

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