Pakistan 'disappointed' with EU report on GSP+ compliance issues, says it understates reforms

Pakistan voiced its disappointment with the EU's report highlighting compliance issues under the Generalised Scheme of Preferences Plus (GSP+), arguing that it understates the reforms the country has implemented. The EU report noted Pakistan's regression in several areas, while acknowledging some positive changes. This matters because GSP+ status is crucial for Pakistan's trade relations with the EU, offering preferential tariff rates that could significantly boost exports. Pakistan's assertion that it has made more progress than reported could reshape its approach to maintaining and improving its trade standing with Europe.