EU Exports Surge 108pc in Decade Under GSP+

جماعت اسلامی ایس پی پلس کے تحت ایک دہائی میں یورپی یونین کے لیے برآمدات میں 108 فیصد اضافہ

EU Exports Surge 108pc in Decade Under GSP+

Exports to the EU have increased 108 per cent over the past decade under the bloc's Generalised Scheme of Preferences Plus (GSP+) arrangement, according to the Federation of Pakistan Chambers of Commerce and Industry. FPCCI President Atif Ikram Sheikh said the preferential trade arrangement has helped Pakistani exporters gain wider access to one of the country's largest export markets, with most eligible products entering the EU at zero or preferential tariff rates. He said the growth in exports highlights the importance of Pakistan's trade relationship with the EU, while also providing exporters with an opportunity to diversify beyond traditional textile products. However, Sheikh said Pakistan needs to prepare for changes to international compliance requirements and the GSP+ framework during the transition period leading up to 2029. He called for greater government support and awareness programmes to help businesses, particularly small and medium-sized enterprises, meet EU requirements covering labour and human rights, environmental standards and governance. Sheikh proposed dedicated government-industry task forces to help businesses implement the requirements and called for the removal of bureaucratic barriers affecting trade. He also urged the government to introduce targeted incentives for textiles and other key industries to support their expansion in the EU market. The GSP+ arrangement provides developing countries with preferential access to the EU market in return for commitments to implement international conventions covering areas including human rights, labour rights, environmental protection and good governance. The transition period through December 2028 should be used to prepare businesses for the changing requirements rather than as a reason for complacency, Sheikh said. He warned that Pakistan could risk losing market access without structural economic reforms, competitive energy prices and support for businesses seeking to meet international standards. Sheikh said the FPCCI will work with the government and the EU Mission in Pakistan on maintaining preferential market access and expanding exports.