Tag: EU Urges Pakistan to Expand Beyond Textiles for GSP Plus Benefits

EU Urges Pakistan to Expand Beyond Textiles for GSP Plus Benefits The European Union's ambassador to Pakistan, Riina Kionka, emphasized the need for Pakistani textile exporters to diversify their product range and explore new sectors to fully leverage the benefits of the Generalized System of Preferences Plus (GSP Plus) trade scheme. GSP Plus provides Pakistan with duty-free access to the EU market for 66% of its products, primarily textiles and garments, which constitute over half of the country's exports. Speaking at a meeting with the Karachi Chamber of Commerce and Industry (KCCI), Kionka encouraged the business community to broaden their exports beyond textiles. While acknowledging the significance of GSP Plus for Pakistan's economy, she stressed the importance of diversification ...