GSP Plus Status to Pakistan

Satisfactory Essays
GSP Plus status and its implication on Pakistan

Generalized Scheme of Preferences (GSP)
The EU’s "Generalized Scheme of Preferences" (GSP) allows developing country exporters to pay lower duties on their exports to the EU. This gives them vital access to EU markets and contributes to their economic growth.

Generalized Scheme of Preferences in a nutshell
There are three main variants (arrangements) of the scheme:
The standard GSP scheme, which offers generous tariff reductions to developing countries. Practically, this means partial or entire removal of tariffs on two thirds of all product categories.
The "GSP+" enhanced preferences mean full removal of tariffs on essentially the same product categories as those covered by the general arrangement. These are granted to countries which ratify and implement international conventions relating to human and labour rights, environment and good governance;
"Everything but Arms" (EBA) scheme for least developed countries (LDCs), which grant duty-free quota-free access to all products, except for arms and ammunitions.
Pakistan gets Generalized System of Preferences (GSP) Plus status from European Parliament now it can export without any duty to 28 countries of the Europe. The major boost will be to textile industry of Pakistan. It may be mentioned that 406 parliamentarians expressed their support for Pakistan and the status has been granted till 2017. Pakistan textile exports hover around $13 billion of which exports to EU stand at $5 billion. Pakistan is strong in the area of bed linen and home textiles.
APTMA foresees textile export from $13 billion to $26 billion in next few years, an investment of $1 billion annually, creation of one million direct and indirect jobs every year, addition of one percent to two percent to gross domestic product growth and doubling cotton crop from 13 million to 26 million bales.

The GSP Plus status has once again opened the door to Pakistan to balance its trade deficit, if

You May Also Find These Documents Helpful

  • Good Essays

    GSP PLUS INTRODUCTION

    • 388 Words
    • 2 Pages

    What is GSP? The principle of GSP was agreed at the United Nations Conference on Trade and Development (UNCTAD), and is a facility granted to developing countries ("beneficiary countries") by certain developed countries ("donor countries"). It is not negotiated with them: the preferential treatment is non-reciprocal. The GSP schemes offered by the various donor countries and their rules of origin differ fundamentally. Goods complying with the conditions of the GSP of the USA , for example, will…

    • 388 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Status of Women in Pakistan The status of women in Pakistan varies considerably across classes, regions, and the rural/urban divide due to uneven socioeconomic development and the impact of tribal, feudal, and capitalist social formations on women's lives. The Pakistani women of today enjoy a better status than most Muslim women. Women in Pakistan have progressed in various fields of life such as politics, education, economy, services, health and many more. However, on an average, the women's situation…

    • 1915 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    status of woman in pakistan

    • 2328 Words
    • 10 Pages

    Status of woman in Pakistan: A Ray of Hope The persistent violation of their fundamental rights is nothing short of a crime against humanity. Mere condemnation of these infringements is not enough. It is imperative to initiate urgent remedial measures. The phenomenal increase in violence against females in Pakistan is abhorrent and indicative of the degeneration of the society. However, there could be a silver lining to this dark cloud of oppression because it symbolizes a reaction to the growing…

    • 2328 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Women's Status in Pakistan

    • 2573 Words
    • 11 Pages

    The situation of women in Pakistan "No nation can rise to the height of glory unless your women are side by side with you; we are victims of evil customs. It is a crime against humanity that our women are shut up within the four walls of the houses as prisoners. There is no sanction anywhere for the deplorable condition in which our women have to live." Mohammad Ali Jinnah, 1944 (taken from the US Library of Congress report "Pakistan - A Country Study") Men, Women, and the Division of Space…

    • 2573 Words
    • 11 Pages
    Better Essays
  • Good Essays

    The other dark side of the women empowerment advocacy figures (males) and personalities is that while thinking, speaking, and initiating women empowerment they always feel that women are put on a high scale than the male instead of having an equal status as per of the male; from the very deep down from their hearts and minds. Thus in a wider national consensus about the issues these males do have a very supporting role to the offenders of women at social, political, religious, and legal justice levels…

    • 361 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Accomplishment Report GSP

    • 316 Words
    • 3 Pages

    Eduation Division of Davao del Norte Mankilam, Tagum City ANTONIO V. FRUTO SR. NATIONAL HIGH SCHOOL (Formerly Cabayangan National High School) Cabayangan, Braulio E. Dujali Davao del Norte ACCOMPLISHMENT REPORT ON THE GIRL SCOUTS OF THE PHILIPPINES (GSP) OUTDOOR BASIC COURSE FOR THE TROOP LEADERS SY 2014-2015 I. RATIONALE The Girl Scout leaders teach the girls life’s skills like goal settings; assisting them in sharing meaningful project in the community. The leaders also encourage girls to…

    • 316 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Principals of C Plus Plus

    • 41088 Words
    • 165 Pages

    COMPILED BY MACHOGU IAN OBARE C++ PROGRAMMING Exact Phrase Week 1 at a Glance Day Day Day Day Day Day Day 1 2 3 4 5 6 7 -Getting Started -The Parts of a C++ Program -Variables and Constants -Expressions and Statements -Functions -Basic Classes -More Program Flow Week 2 at a Glance Day Day Day Day Day Day Day 8 -Pointers 9 -References 10 -Advanced Functions 11 -Arrays 12 -Inheritance 13 -Polymorphism 14 -Special Classes and Functions Week 3 at a Glance Day Day Day Day Day Day Day 15 16 17 18…

    • 41088 Words
    • 165 Pages
    Good Essays
  • Good Essays

    Wto India-Ec Gsp Dispute

    • 6219 Words
    • 25 Pages

    in the Generalized System of Preferences (GSP) of the European Community (EC). 1 Although the India-EC GSP dispute was not directly concerned with environmental conditionality per se , this WTO ruling has, nevertheless, broader implications for the EC 's capacity to use unilateral trade preferences as an incentive to promote developing countries ' compliance with international environmental regimes. This was recognized in the subsequent GSP reform proposed by the European Commission…

    • 6219 Words
    • 25 Pages
    Good Essays
  • Best Essays

    in Shia law [2]. But, this is not the only matter about the right of inheritance, there are several matters related to his status in society. Like, to whom he or she consider as their child if the mother is married, who is responsible for his/her maintenance and nourishment, to whom he/she may consider as “Mehram” or “Na-Mehram” and could he get the religious and social status as the imam and judge among the Muslims? Through this research, I will examine the Islamic stance on the matter of illegitimate…

    • 2219 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Performance Plus

    • 681 Words
    • 3 Pages

    Ela Gavrilas Performance Plus Steve Cook introduced with the approval of his top management a full service program called Performance Plus and organized a cross functional Performance Team by pulling members of his existent management team in order to achieve in the next 3 years their division goal of 60% of its revenue from products generated within the last five years. First step that Cook should’ve had to think about when creating cross functional team was teamwork, in order to improve…

    • 681 Words
    • 3 Pages
    Good Essays