Pakistani commerce and textile minister Pervaiz Malik recently conveyed Prime Minister Shahid Khaqan Abbasi about a possible positive outcome of the review and rollover of Generalised System of Preferences Plus (GSP+) scheme for three more years. Abbasi was chairing a meeting to review the efforts for continuation of GSP+ status for Pakistan beyond 2018.
The meeting was told that the periodic review report by Pakistan had already been submitted and examined by the European Union (EU), according to Pakistan media reports that quoted an official statement.
The GSP+ scheme was operational since January 2014 and will continue for the next 10 years. Over the past five years, exports to the EU have registered a 45 per cent rise, while those of value-added textile products jumped by 88 per cent. (DS)
Source Fibre2Fashion News Desk – India