Some of the products of Pakistan’s interest were already duty free either under MFN or
standard GSP i.e.
surgical instruments, basmati rice, guar gum, spices, onyx, fans etc, while 75
tariff lines also benefited from the Special Autonomous Trade Preference Scheme for Pakistan.
But now under the
GSP Plus regime
all of the products of Pakistan’s export interest would be
entitled to duty free treatment which includes all Textiles, Textiles made ups, bed linen,
garments, leather products, footwear, plastics, ethanol, agriculture products and processed
food etc.
GSP Plus scheme would be the Textiles
and Garments sector; our trade analysts have estimated an overall growth of almost 15%
Can the GSP Plus status be withdrawn by EU? If so, How?
Firstly it needs to be clearly understood that the
GSP Plus scheme is a ‘Special Incentive
Arrangement for Sustainable Development and Good Governance’. As the name suggests, the
scheme has been conceived by the European Union as an
incentive to inculcate good
governance and sustainable development practices in the developing countries,
in order to help
them in achieving best practices and moving up the ladder of development. Therefore; the
additional tariff preferences provided under the special incentive arrangement for sustainable
development and good governance would be granted to those developing countries which; due
to a lack of diversification and insufficient integration within the international trading system,
are vulnerable .i.e. 3
Exports of that country should not exceed 2% of EU’s global GSP imports.
Seven largest sectors of products contribute more than 75% of its exports to EU.
It is
not a high or upper middle income country, and;
Has signed, ratified and implemented
27 core International Conventions pertaining to;
Human Rights, Labor Rights, Environment, Narcotics Control and Corruption.
While the vulnerability criteria pertaining to lack of diversification, low income, low share in EU
GSP imports and signing/ratification of the core Conventions are a prequalification for a GSP
Plus beneficiary country (which Pakistan fulfills), the implementation of these conventions is
the core issue which would ensure Pakistan’s continuity in the GSP plus regime.
In this regard the EU has devised a monitoring mechanism and it is expected of the beneficiary
countries to fully cooperate in providing information, whereby the EU would gauge the
satisfactory implementation of these Conventions, failing which, the country could face
withdrawal of GSP Plus status.
Dont see freedom of speech in the clause we signed Pakistan needs good lawyers to blow this back in EU face!
http://tdap.gov.pk/eu-atp-assets/EU_GSP_Plus_FAQ.pdf
Lawyers read between the lines and find holes! Biggest black hole here is they didnt specify what they are trying to push "freedom of speech"
It is a trade agreement bitch. EU would get our quality products. All this freedom of speech is BS. Our guys in EU would make a way out despite banning geo. That is what diplomacy is for!!!
Democracy is a myth EU paints everything they do under and counter the world with it when it suits them!