Exporters unable to fully utilize GSP plus status

KARACHI: Vice President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees said on Sunday that due to different problems exporters are unable to fully utilize Generalized System of Preferences (GSP) plus status given to Pakistan by European Union (EU).

Talking to PPI, he applauded present government efforts for achieving the GSP plus status but said that due to lack of government support, high manufacturing cost and infrastructure related issues, it was difficult for exporters to take full pledge advantage of the EU concession.

He urged the government to provide complete infrastructure to the exporters, besides ensuring smooth supply of electricity, gas and water to the industry, so that they could fully export their products to EU centuries.

To a question, he said that when Bangladesh could promote his exports by buying raw materials from Pakistan then why Pakistan could not do the same which is self-reliant in raw materials.

Under the GSP plus status, Pakistan can exports its products to 27 countries of EU duty-free or at preferential duty rate. The GSP plus status for Pakistan is effective from Jan 1, 2014.

Leave a Reply