Pakistan, EU discuss strengthening trade cooperation

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