ISLAMABAD: The Commerce Ministry is making efforts to get market access status from emerging economies such as Japan, Canada, Australia and others on the pattern of Generalised Scheme of Preferences (GSP+) granted by the European Union (EU)
According to the World Trade Organisation (WTO), the facility of market access for goods provides conditions, tariff and non-tariff measures, agreed by members for the entry of specific goods into their markets. Tariff commitments for goods are set out in each member’s schedules of concessions on goods. Non-tariff measures are dealt with under specific WTO agreements.
Seeking anonymity, a ministry official, told Customs Today that preparations were underway to get the facility from the countries, including Hong Kong, Macau, Japan, Mongolia, North Korea, South Korea and Taiwan.
