PTEA thanks Germany for Pakistan bagging GSP Plus status

06 Mar '14

2 min read

The Pakistan Textile Exporters Association (PTEA) has thanked the German Government for its sincere support for Pakistan bagging the EU’s Generalized System of Preferences (GSP) Plus status, APP reported.

During a visit of Cyrill Nunn, German Ambassador to Pakistan, to the PTEA office in Faisalabad, PTEA chairman Sheikh Ilyas Mahmood said the German Government sincerely supported Pakistan for duty free access of its goods to the EU under the GSP as well as in obtaining the GSP Plus status.

Mr. Mahmood said the GSP Plus will help Pakistan’s economy, as it will boost the country’s exports, especially textile exports. He also appreciated the part played by the German embassy in Islamabad in helping textile exporters increase their trade with Germany.

Mr. Nunn said the GSP Plus status provides an opportunity for Pakistan to improve its economic and political relations with the EU. He said the GSP Plus facility gives Pakistan a competitive edge in the EU markets and it would contribute to sustainable development in the country.

To help Pakistan get maximum benefit from its GSP Plus status, Germany would launch an extensive vocation training programme to help enhance the quantity and quality of exportable Pakistani goods, the Ambassador informed.

Mr. Mahmood said Pakistan is not self-sufficient in energy while Germany is known for alternative energy solutions, and hence, Pakistan could greatly benefit if there is transfer of technology and joint venture projects in this field.

Mr. Nunn said a GIZ funded programme for minimizing energy wastage is already being implemented in Pakistan, and gave assurance that in the coming months, German companies would be hugely investing in Pakistan, especially in the energy sector.

Fibre2fashion News Desk - India

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