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Pakistan ‘must reapply’ to retain GSP+ trade benefits as EU expands requirements
Pakistan will be required to submit a fresh application and commit to 32 international conventions, up from the current 27, to retain zero and reduced-tariff access to the European Union market under a revised Generalized Scheme of Preferences Plus (GSP+) regime, an EU spokesperson was quoted as saying by Arab News. The European Union’s new GSP regulation, published on June 22, is set to take effect on January 1, 2027. Despite the transition, EU official clarified that there will be no automatic rollover or guaranteed approval for existing beneficiaries. Under the updated framework, Pakistan w...
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