Pakistan's exports to US surged by 86% under GSP Plus

May 24, 2022(MLN): Under GSP Plus Scheme, Pakistan’s exports to the EU surged by 86% while the EU’s exports to Pakistan increased by 69%, said a press release issued yesterday.

“GSP Plus was an excellent template and a success story of mutually beneficial cooperation,” Syed Naveed Qamar the federal minister said while meeting the members of the European Parliament (MEPs), senior officials at the European Commission and Secretary of State for the Brussels region.

Since the inception of the GSP Plus Scheme in 2014, trade volume between Pakistan and the EU enhanced substantially. Minister wills to further deepen and broaden its multi-dimensional partnership with the EU.

He expressed the hope that the new GSP Plus regulation would continue to focus on its central tenets of supporting sustainable development, poverty alleviation and good governance in the beneficiary countries.

In addition, the during the meeting, Mr Pascal Smet, Secretary of State for the Brussels region expressed satisfaction at the strengthening of bilateral relations, he was also invited by the minister to lead an economic mission to Pakistan to explore cooperation in the areas of retail, chemicals, construction, telecommunications and food industry.

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