Pakistan, EU discuss strengthening trade cooperation

News Image

By MG News | January 29, 2025 at 10:58 AM GMT+05:00

0:00

January 29, 2025 (MLN): To strengthen the Pakistan-EU partnership and explore ways to enhance trade and economic cooperation between the two regions, EU Special Representative for Human Rights, Ambassador Olaf Skoog, met with Federal Minister for Commerce Jam Kamal Khan.

The dialogue focused on sustaining and advancing trade benefits under the Generalized Scheme of Preferences Plus (GSP+) while ensuring compliance with international commitments.

The discussions highlighted Pakistan’s commitment to the 27 international conventions it is a signatory to, covering human rights, labor rights, environmental standards, and good governance, according to the press release.

Minister Jam Kamal Khan reiterated Pakistan’s commitment to these obligations, stating, “We are not only improving on these aspects as international obligations but because it is beneficial for us as a nation and government.” 

Ambassador Olaf Skoog commended Pakistan’s active engagement with the EU and emphasized the mutual benefits of the GSP+ framework for both Pakistani exporters and European importers.

He also expressed his desire for stronger collaboration between the EU and Pakistan at multilateral human rights forums. 

The Minister acknowledged the economic challenges faced by the government in the past year but assured the delegation of significant progress, noting reductions in inflation and interest rates.

Both sides agreed to strengthen collaboration to maintain Pakistan’s eligibility for GSP+ status while addressing mutual concerns.

The Minister reaffirmed the government’s commitment to meeting international obligations through initiatives led by the Treaty Implementation Cell (TIC).

The meeting concluded on a positive note, with both parties expressing optimism about the future of Pakistan-EU relations.

Minister Jam Kamal Khan warmly welcomed the delegation, stating, “The EU is a major partner for Pakistan, and we value our trade and diplomatic ties deeply.”

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 133,550.61
143.75M
1.21%
1601.54
ALLSHR 82,957.59
374.91M
1.08%
888.33
KSE30 40,802.69
39.24M
1.03%
414.93
KMI30 191,883.67
42.27M
0.26%
506.84
KMIALLSHR 55,566.82
188.02M
0.68%
372.85
BKTi 36,851.77
23.04M
2.86%
1023.53
OGTi 28,370.35
1.87M
-0.27%
-75.99
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,525.00 110,525.00
107,865.00
-890.00
-0.81%
BRENT CRUDE 68.08 68.12
67.22
-0.22
-0.32%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.33 67.18
65.40
-0.67
-1.00%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 11:24 AM GMT+05:00

Trump warns of 10% tariff on BRICS-aligned nations


July 07, 2025 at 11:00 AM GMT+05:00

LSE Capital declares offer to acquire stake in PGI


July 07, 2025 at 10:34 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 07, 2025 at 10:30 AM GMT+05:00

Trump says tariff letters will go out Monday


July 07, 2025 at 10:22 AM GMT+05:00

Mari Energies braces for earnings hit on RLNG glut



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg