ISLAMABAD: The Minister of State for Commerce and Textile Industry, Engineer Khurram Dastagir Khan is currently undertaking a visit of four European countries to lobby for Generalized System of Preferences Plus (GSP+) status for Pakistan.
The Minister, accompanied by the Secretary, Commerce Division, will hold meetings with European Parliament members, leading business groups and influential members of Pakistani diaspora in Brussels, Paris, Madrid and Rome, says a statement issued by the Ministry of Commerce here Tuesday.
During his interaction with key figures, the Minister will seek support from European Union (EU) members for the Pakistan’s application for GSP+.
The GSP+ scheme of EU provides zero duty treatment to items of export interest of the beneficiary country.
By qualifying for GSP+, Pakistan’s exports to EU will increase significantly.
Pakistan is quite hopeful to gain market access in EU under this scheme which would improve its competitiveness viz-a viz other beneficiary countries.
After endorsement of Pakistan’s application by the EU Commission, the process has now entered the next phase where Pakistan’s application would be considered by the European Parliament.
The high level delegation led by the Minister of State for Commerce and Textile Industry would be instrumental in lobbying to secure Pakistan’s commercial interests in their meetings with EU’s political leadership.
Pakistan’s Missions in these countries are being actively involved in the planning and coordination of the meetings of the visiting delegation with European parliamentarians and businessmen.