GSP gains and challenges
Pakistan's economy benefits significantly from the EU's GSP+ trade scheme, which provides tariff exemptions and encourages governance reforms. However, the country faces challenges in maintaining compliance due to concerns over human rights and election integrity.
Why it matters
Highlights the intersection of international trade policy, economic stability, and human rights conditionality for developing nations.
--> Home Editorial GSP gains and challenges Both general elections since the status was granted have been mired in controversy
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp -->
Pakistan's relationship with the European Union under the Generalised Scheme of Preferences Plus (GSP+) has been nothing short of transformative. As the scheme's largest beneficiary, Pakistan recorded 7.5 billion in GSP+ eligible exports to the EU in 2024, with tariff exemptions worth approximately 732 million. The EU now accounts for 28% of Pakistan's total exports, making this preferential market access a lifeline for our economy. And the GSP+ arrangement has not only delivered on its promise of increasing trade and creating jobs, it has also placed pressure on the government to improve its governance and human rights records.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in