Published On: Thu, Dec 26th, 2013
Published in Category: Islamabad

Pak should enhance its production capacity for compliance with GSP

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ISLAMABAD: Acting Ambassador of European Union to Pakistan Pierre Mayaudon, stressed that Pakistan needs to enhance its productive capacity and compliance with certification and other requirements to truly benefit from GSP plus status.

Speaking at a 10th Public Private Dialogue (PPD) in Islamabad, the acting Ambassador of European Union to Pakistan, commended the process of public private dialogue (PPD) established under the EU funded Trade program (TRTA II). He highlighted the recent grant of EU GSP plus status to Pakistan by the EU which will come into force on 01 January 2014. He informed that 90 % of the tariff lines are included in the scheme for which the Pakistani exporters will face no import duties and no quotas.

Pierre Mayudon highlighted the Autonomous trade preference granted by EU to Pakistan in the aftermath of devastating floods of 2010 and 2011, but noted that Pakistani exporters, including SMEs, could not fully benefit from that preference due to energy shortages. He highlighted EU assistance in different areas and invited all stakeholders to look into the opportunities offered by the new Innovation program Horizon 2020.

At the occasion, Secretary Commerce Qasim Niaz stated that the Ministry of Commerce is focusing on development of an export development roadmap for pharmaceutical and Surgical Instruments sector to enhance exports. Qasim Niaz while addressing the inaugural session of the public private dialogue (PPD) on technology up-gradation and foresight in surgical instruments and pharmaceutical sectors. The Secretary Commerce appreciated the EU trade related technical assistance and the role of ITC for institutionalizing the PPD process for developing policies for different sectors of economy. He stressed the need for value addition and export enhancement in Pharma and surgical sectors as both the sectors hold a lot of promise in diversification of Pakistan exports and are also the focus of Ministry of Commerce trade policy interventions.
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