ISLAMABAD, Pakistan: Prime Minister Shahid Khaqan Abbasi on Friday directed the Commerce Division and relevant Foreign Missions abroad to maintain a focused approach towards ensuring continuation of Generalized System of Preferences (GSP) Plus status and take all necessary measures to maintain the growth oriented trend.
The prime minister was chairing a high level meeting at PM Office in Islamabad to review the efforts for continuation of GSP Plus status for Pakistan beyond 2018.
The Commerce Division briefed the meeting in detail regarding Pakistan’s compliance with the requirements of GSP Plus.
It was informed that periodical review report by the government of Pakistan has already been submitted and has been examined by the European Union (EU).
The Commerce Division informed that positive outcome is expected after the examination of the periodical review and the GSP Plus status will obtain roll-over for another three years term.
It was also informed that over the past five years, Pakistan’s exports to European Union registered 45 percent increase while value added textile products registered 88 percent increase.
The meeting was attended by the Minister for Commerce Pervaiz Malik, the Advisor to PM on Finance Miftah Ismail and senior officials from Commerce, Foreign Affairs, Economic Affairs, Human Rights and Religious Affairs Divisions.