RAWALPINDI: The country's exports have registered 23 % increase after gaining GSP plus status from the European Union, said Resource Person of Trade Development Authority (TDAP) Ahmed Fasih here on Thursday.
He was addressing a seminar jointly organised by Rawalpindi Chamber of Commerce and Industry (RCCI) and TDAP on "Impacts of GSP plus status on country's economy." Director General TDAP Khalid Rasool, President RCCI Syed Asad Mashahadi and a number of RCCI members attended the seminar.
Dispelling the impression that the country failed to achieve significant improvement in country's exports after attaining GSP plus status Fasih said that the country's exports have increased to 23 % ultimately giving impetus to the business and trade activity.
Giving breakup, he said since the country achieved GSP plus status from European Union, 30 % increase has been shown in the Textile (Garments) sector while 25 % in shoes and plastic sectors.
He pointed out that the tenure of GSP plus status would terminate in 2016 and expressed the hope that TDAP and Ministry of Commerce would be able to get it renewed for a term of ten years. He said that all the efforts at diplomatic and political levels are in hand to get the trade agreement with the EU renewed.
He claimed that the in EU market, despite all odds Pakistan has been able to show a sizeable leap ahead of its rivals like India, Turkey and Bangladesh due to quality and standards of its products. For this achievement, he said the country's business and trade community rightly deserve to be appreciated, which have made all out efforts to beat the rivals in the EU markets.
Earlier, President RCCI welcoming the TDAP delegation said that RCCI had always been on the forefront to educate and apprise the business community of the developments being achieved at the global level, to make them meet the challenges of the international markets.
Eulogising the efforts of the government towards promotion of business by actively facilitating trade and industrial sectors of the country he said that it would be able to get renewal of GSP plus license from the EU for the next decade.
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