Dawn
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17:49 Nov 19, 2025
European Union (EU) Ambassador to Pakistan Raimundas Karoblis on Wednesday said that the country needed to “do more” in terms of fulfilling its commitments under the Generalised Scheme of Preferences Plus (GSP+) status ahead of a review. The status was granted by the EU in 2014, resulting in a 108 per cent increase in Pakistani textile exports to the EU due to concessional tariffs. In October 2023, the European Parliament unanimously voted to extend the GSP+ status for another four years until 2027 for developing countries, including Pakistan. The upcoming GSP+ monitoring mission will scrutinise Pakistan’s record on 27 international conventions tied to the trade scheme. Maintaining GSP+ status is critical for Pakistan to keep export costs low. What is GSP+ status? According to the EU, GSP+ status is a special incentive awarded to developing countries to “pursue sustainable development and good governance” in exchange for cutting import duties to zero on two-thirds of the tariff lines of its exports. Governmen...