Islamabad: According to press reports, the European Commission has opted to keep Pakistan on its privileged Generalised Scheme of Preferences-Plus (GSP+) status. The decision was made in opposition to a European Parliament motion calling for the country to be removed from the list.
According to the European Commission in Brussels, there are no compelling reasons to remove Pakistan from the GSP+ list, hence the country will remain on the list until the next review in 2024.
The EU Commission, on the other hand, has added six new conditions for Pakistan to meet in order to remain in the category. The panel pushed for tougher enforcement of climate change legislation, as well as the Paris Climate Agreement, increased accessibility for people with disabilities, and the eradication of child labour.
Pakistan’s GSP+ status was renewed in 2014, and it has helped the country’s economy by absorbing 34 percent of total exports.