• Thursday, December 12, 2019

EU gives Pakistan GSP Plus status

Discussion in 'Pakistan Economy' started by Gryphon, Dec 12, 2013.

  1. Gryphon

    Gryphon SENIOR MEMBER

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    December 12, 2013

    [​IMG]

    BRUSSELS: The European Parliament has approved GSP Plus status for Pakistan. 406 parliamentarians expressed their support for Pakistan and the status has been granted till 2017.

    The status will prove to be of great benefit to Pakistan’s textile manufacturers and exporters who will now have access to 27 European countries without having to pay duties.

    Textile exports had been declining in Pakistan, as manufacturers and exporters were finding it hard to compete with Sri Lanka and Bangladesh who already had duty-free access to European markets.

    EU gives Pakistan GSP Plus status | BUSINESS - geo.tv
     
  2. faisal6309

    faisal6309 SENIOR MEMBER

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    :pakistan::tup:
     
  3. Assault Rifle

    Assault Rifle BANNED

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    EU Parliament spokesperson told that there was no opposition from India.

    Hmm so EU has now debunked claims by Pak media that India was against it.

    BTW This shows the poor quality of Pak diplomacy that even BD & Sri Lanka got GSP before Pak.
     
  4. Leader

    Leader ELITE MEMBER

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    Pakistan will benefit about 5 billion US dollars annually from this status.

    just one question, does that mean the quota on export is also lifted? @Rafael ?
     
  5. forcetrip

    forcetrip PDF THINK TANK: ANALYST

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    I dont know about others but just today I had some real promising news on European orders. Why we did not have this before and other countries doing much better than us for the past 5 years is beyond me.
     
  6. Roybot

    Roybot BANNED

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    Cause a lot of countries were opposing it.

    Texperts
     
  7. Assault Rifle

    Assault Rifle BANNED

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    Nwaz sharif says its going to be a 1 billion this year
     
  8. SBD-3

    SBD-3 ELITE MEMBER

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    GSP+ owes to alot of things
    1- The effective lobbying of current governor Punjab Ch Serwer.
    2- PPP's policy of putting a hold on death penality and the continuation of current government over it.
    3-Back channel diplomacy started by the current government after holding the office.
     
  9. cb4

    cb4 ELITE MEMBER

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    India fails to lobby :omghaha:
     
  10. A.Rafay

    A.Rafay ELITE MEMBER

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    Good news for Pakistan!

    Indian scuttle my as$!!
     
  11. arushbhai

    arushbhai FULL MEMBER

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    Thank you Imran Khan. It wouldve not been possible without Imran khan.
     
  12. farhan_9909

    farhan_9909 PROFESSIONAL

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    Thats Great

    Our export now can pickup.
    I hope the export is pushed to beyond 40billion dollars within the next 2 years
     
  13. Counter-Errorist

    Counter-Errorist FULL MEMBER

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  14. FaujHistorian

    FaujHistorian ELITE MEMBER

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    with due respect

    Exports without major tourism from the West will be limited to the government to government protocols.

    Remember

    Exporting country is like a store.

    People must feel at home in a store to buy stuff from there.

    That means the store employees be willing to create the same atmosphere as the one shoppers have at other stores.

    China is the biggest exporter to the West right now.

    Learn from them as to how they make their Western customers feel at home in China.
    South Koreans are leading the charge in electronics and car export to the West.
    Learn from S. Koreans as to how they make their Western customers feel at home in S Korea.




    just realize that for 200 million population, Paksitan needs at least 200 to 500 billion dollars worth of exports every year.

    That would allow us to have decent schools, defnese, and good roads from developing country standards but not rich in anyways.


    Comparison.

    S. Korea - population 50 million, exports 500 billion dollars. Foriegn resevers 300 billion dollars.

    Pakistan - 4 times the population.

    So if we ever want to live like S Koreans

    our exports have to be around 2000 billion, and foreign reserves to be 1200 billion dollars.






    Hope you understand.


    exports are not linked to just factories and businessmen running the factories.

    exports are linked to the societies and how mehman nawaz they are.


    peace
     
    Last edited: Dec 13, 2013