ISLAMABAD: Federal Minister for Commerce Engineer Khurram Dastgir Khan has said that the country’s exports to the European countries have increased by $1.16 billion during the first eleven months since the implementation of GSP Plus on January 1, 2014.
He said this during a meeting with a delegation of Members of European Parliament led by Jean Lambert.
Khurram suggested establishment of joint ventures, which would help the people of Pakistan and EU to establish mutually beneficial economic relations by exploiting the strengths of two sides.
The Minister informed the delegation that GSP Plus status has positive effect on the industrial sector of Pakistan. The trickle-down effects of the trade incentives are reaching the lowest tiers of workers that will effectively result in youth and women empowerment in the country, the Minister said.
The Ministry of Commerce will devise new strategy for effective commercial diplomacy to boost Pakistan’s export. Trade Development Authority of Pakistan will hold AaliShan Pakistan Exhibition in different cities of Europe to project and promote emerging brands of Pakistan.
The delegation appreciated the efforts of Dastgir in bringing the EU and Pakistan closer through commercial and trade diplomacy.
They reiterated their resolve to support Pakistan to effectively face all the challenges that the country is confronted with. Ambassador of EU in Pakistan Lars-Gunnar Wigemark and their Political and Trade Consular in Pakistan also attended the meeting.
