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EU proposes tariff cuts for Pakistani goods
Sunday, April 25, 2010
ISLAMABAD: The European Commission is moving to give Pakistan tariff-free access to the European Union for its exports, part of an EU effort to bolster the economy of the strategically important country.
The commissions proposal, which is still being discussed internally, is part of the EUs military and diplomatic project for Afghanistan, a private television channel reported.
EU governments, led by the United Kingdom, review the economic growth and stability in Pakistan. The proposal would change an EU programme that gives tariff-free access to the EU markets for poorer countries. At present, Pakistan does not qualify for the programme, known as the Generalised System of Preferences, because its exports represent too high a proportion of the total EU imports.
The commission plan would allow the countries that account for up to 1.5 per cent of the total EU imports to qualify for the generalised system, up from the current threshold of one per cent, EU diplomats said. Pakistans exports, largely textiles, now account for about 1.4 per cent of the imported EU goods that qualify for the GSP programme, an EU diplomat said.
Pakistan would also have to agree to sign several international treaties, including one on human rights, to qualify for the programme, he said.
Sunday, April 25, 2010
ISLAMABAD: The European Commission is moving to give Pakistan tariff-free access to the European Union for its exports, part of an EU effort to bolster the economy of the strategically important country.
The commissions proposal, which is still being discussed internally, is part of the EUs military and diplomatic project for Afghanistan, a private television channel reported.
EU governments, led by the United Kingdom, review the economic growth and stability in Pakistan. The proposal would change an EU programme that gives tariff-free access to the EU markets for poorer countries. At present, Pakistan does not qualify for the programme, known as the Generalised System of Preferences, because its exports represent too high a proportion of the total EU imports.
The commission plan would allow the countries that account for up to 1.5 per cent of the total EU imports to qualify for the generalised system, up from the current threshold of one per cent, EU diplomats said. Pakistans exports, largely textiles, now account for about 1.4 per cent of the imported EU goods that qualify for the GSP programme, an EU diplomat said.
Pakistan would also have to agree to sign several international treaties, including one on human rights, to qualify for the programme, he said.
