PAKISTAN GAINS FROM GSP+, BUT ENERGY WOES TRIM GROWTH IN EXPORTS
August 1st, 2014
PAKISTAN’S ministry of textile industry has claimed that textile and clothing exports to the European Union (EU) has increased by 18% from January-June 2014 increased by 18% compared to last year following its membership of the revised EU Generalised Scheme of Preferences Plus (GSP+) for low tariffs.Kanwar Usman, director research and development at the ministry, told WTiN.com: “Garments have done better than other products due to the 9.6% concession on duty,” he added.According to Mr Usman, Pakistan was hoping to export additional textile products worth ...
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