Summary
- The European Commission’s latest GSP Plus report has declared Pakistan the largest beneficiary of the scheme, with the country’s eligible exports amounting to €7.5 billion in 2024.
- The report noted that Pakistan maintained compliance with all 27 international conventions related to the GSP Plus scheme and has sustained consistent and regular cooperation with the EU monitoring process.
- The EU report comes as Pakistan continues to benefit from the GSP Plus scheme, which grants developing countries preferential access to the EU market in exchange for adherence to human rights, labor rights, environmental protection, and good governance standards.
The European Commission’s latest GSP Plus report has declared Pakistan the largest beneficiary of the scheme, with the country’s eligible exports amounting to €7.5 billion in 2024. The report highlighted that Pakistan received approximately €732 million in tariff savings through the scheme, while achieving a utilization rate of 95.1% for EU trade preferences. Pakistani textiles, leather, prepared food, and other products have significantly benefited from these reductions.
The report noted that Pakistan maintained compliance with all 27 international conventions related to the GSP Plus scheme and has sustained consistent and regular cooperation with the EU monitoring process. The European Commission also recognized Pakistan’s progress on human rights, noting that the National Commission for Human Rights has been granted A-status accreditation, which it described as institutional progress. The legislation for the establishment of a National Commission for Minorities was also highlighted as a significant step toward minority protection.
The report acknowledged Pakistan’s efforts in strengthening the rule of law, including practical rules for anti-torture measures, training initiatives, and prison reforms. New legislation on women’s protection, domestic violence, and child marriage was also recognized as notable progress.
The EU report comes as Pakistan continues to benefit from the GSP Plus scheme, which grants developing countries preferential access to the EU market in exchange for adherence to human rights, labor rights, environmental protection, and good governance standards. The EU has also announced new social media legislation for child protection, signaling its ongoing commitment to safeguarding vulnerable populations.
The positive assessment of Pakistan’s performance under the GSP Plus scheme is expected to provide a boost to the country’s economy, with the EU remaining one of Pakistan’s largest trading partners. The report’s recognition of Pakistan’s institutional and legislative progress will further strengthen the case for the continued extension of the scheme, ensuring that Pakistan’s exports continue to benefit from preferential access to the EU market. The European Commission’s willingness to engage with Pakistan on trade and human rights issues reflects a shared commitment to promoting sustainable development and good governance.
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