EU notes ‘issues’ in Pakistan’s GSP+ compliance, urges Islamabad to address 'shortcomings'

The European Union has highlighted compliance issues in Pakistan's adherence to its Generalised Scheme of Preferences Plus (GSP+), which provides preferential trade terms for developing countries. The EU's latest report points out that Pakistan needs to address these shortcomings to maintain its eligibility under the revised GSP framework. This caution is significant as GSP+ offers substantial benefits for Pakistan's exports, impacting its economic growth and trade relations. The EU's concerns underscore the importance of Pakistan meeting international environmental and labor standards.