Businessmen have urged the government to start making efforts for extension in the European Union’s Generalised Scheme of Preferences (GSP) Plus status as it plays a great role in enhancing Pakistan’s exports. The two trade bodies have formed the EFP-PRGMEA GSP Plus Committee to push the government and others to act immediately to ensure that the EU continued to provide the GSP Plus facility to Pakistan for another 10 years, starting January 1, 2024. He suggested that research documents on GSP Plus should be prepared and manufacturers, workers and the government should be apprised of the imperatives of another decade with the facility. Talking to The Express Tribune, Karachi Chamber of Commerce and Industry (KCCI) President Shariq Vohra stressed that the government should use its diplomatic relations to win extension in the GSP Plus status as it played a vital role in the country’s exports. Vohra expressed concern that there were categories under the GSP Plus status which Pakistan never touched upon.

Source: The Express Tribune September 30, 2020 19:31 UTC