ISLAMABAD: The European Union on Thursday noted “issues” in Pakistan’s compliance with its commitments under the Generalised Scheme of Preferences Plus (GSP+) and cautioned that Islamabad would have to address those shortcomings to qualify under the revised GSP framework. The caution came in the European Commission’s latest report on the implementation of the GSP over the 2023-2025 period, which said Pakistan had “been facing compliance issues with its GSP+ obligations” and had “regressed in a number of areas while positive change was limited”. Looking ahead, the Commission said Pakistan’s continued access to the EU’s preferential trade regime would depend on tangible improvements in areas where concerns persisted. “To ensure further GSP+ eligibility and compliance with international commitments, including in…

Source: Dawn – Latest News

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