Brussels: The European Commission has decided to maintain the Generalized Scheme of Preferential Plus (GSP+) status for Pakistan.
The Commission, in a statement, said it has introduced six new conventions related to providing facility to people with physical disability, tackling climate change and child labour.
For 50 years, the GSP Scheme has supported developing economies with preferential access to EU markets.— European Commission (@EU_Commission) September 22, 2021
Today it supports 67 countries with almost one and a half billion workers.
Learn more: https://t.co/d3c6IaCXIP #EUtrade @Trade_EU pic.twitter.com/Dl1gT49Bed
The Commission, which reviewed the status of several other countries along with Pakistan, said that talks would continue with the EU-Pakistan Joint Commission.
The Regulation is a unilateral trade tool that removes or reduces import duties from products coming into the European Union from vulnerable low-income countries.