GSP+ COULD HELP PAKISTAN BOOST EXPORTS – BUT PRODUCTION ALSO NEEDS HELP, SAYS LOCAL INDUSTRY
November 3rd, 2013
PAKISTAN garment manufacturers are anticipating significant trading benefits from an anticipated accession from January 2014 to the European Union’s (EU) new Generalised Scheme of Preferences Plus (GSP+) trading scheme.Some are asking the Pakistan government to relax import duties blocking access to raw materials, especially artificial fibre, needed to diversify product lines so that they can take full advantage of the facility. These can be as high as 6.5%. And they also want Pakistan utilities to improve unreliable water and energy supplies so an increase in ...
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