Pakistan to Retain EU GSP+ Status
The European Commission recently confirmed that Pakistan will retain its Generalized Scheme of Preferences Plus status through 2023, allowing it to benefit from a range of tariff exemptions, the Hong Kong Trade Development Council reported Oct. 7. The commission had…
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considered suspending Pakistan’s status due to human rights concerns, and the country will need to comply with several conditions to continue GSP+ status beyond 2023, HKTDC said, including steps to eliminate child labor and organized crime, as well as making climate change standards commitments.