Karachi, August 08, 2016 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has started hectic lobbying for extension in GSP Plus scheme granted to Pakistan by European Union in 2014.
President FPCCI Abdul Rauf Alam has asked all the vice presidents of the Apex chamber and other businessmen to use their connections and forcefully present case of Pakistan for extension in the trade relaxations.
In this regard, President FPCCI hosted a dinner in honour of Ambassadors and High Commissioners which was also participated by leaders of the business community from all over the country.
Speaking to the diplomats, he said the GSP Plus scheme, which provided duty concession on export of many goods should be approved for the next term.
The government has tasked embassies to start lobbying for approval by the EU Parliament of the extension in the scheme, which will be debated in coming months, while business community should also use their connections in the larger national interest, he added.
In January 2014, the EU had granted the GSP Plus status offering duty-free access to their markets for two years. Now, the facility will be extended for the next term on the basis of progress and achievements over the past two years.
Alam expressed the hope that the EU Parliament after keeping in view the overall situation would give approval for the extension.
He pointed out that the restriction on carrying out the death penalty was not part of the strings attached to the GSP Plus scheme as Pakistan is in a difficult situation fighting war on terror and offering sacrifices.
The countries that are opposing trade relaxations to Pakistan despite war on terror and natural disasters are not serving humanity, he said.
Brexit has increased challenges and opportunities while success in war on terror is linked to economic development, said Alam.
For more information, contact:
M. A. Lodhi
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Tel: +92-21-35873691, 93-94