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Pakistan to receive extension in GSP+ Status till 2023

Flag of European Union (above) and Pakistan (bottom)
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Brussels, 17 October 2021 (GNP/TDI): Vice President of the European Union Parliament Fabio Massimo Castaldo invited the Governor of Punjab, Chaudhry Mohammad Sarwar to Brussels, where the Governor met members of the European Parliament. He also engaged with the Chairperson of the European Union Trade Commission and other relevant officials.
The Governor in the meeting was ensured that the Generalised Scheme of Preferences (GSP) Plus status will remain intact for Pakistan. He ensured the status remains intact till 2023. He also deliberated on the importance of stabilizing Afghanistan. The stability of Afghanistan is imperative for the whole of South Asia as asserted by Governor Sarwar.
Earlier the European Union appreciated Pakistan’s progress pertaining to the GSP-related conditions. This development marked the extension of GSP+ status. Six new conditions are introduced for Pakistan. These new conditions are aimed to maximize accessibility for people with physical disabilities, eradication of child labor, and environmental safety. Complying with these conditions would ensure Pakistan’s safe spot in the GSP+ status.

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