LAHORE, Nov 29: An international law consultant says that Pakistan is not likely to secure the GSP (Generalized System of Preferences) status for its textile and apparel exports to the US and the EU.
Ms Brenda Jacobs, a representative of a law firm operating in the US and the EU, told reporters after a seminar on anti-dumping issues in textile exports organized by the Export Promotion Bureau on Tuesday that the Pakistani exporters must take steps to minimize the impact of anti-dumping duty.
Ms Jacobs said Pakistan had already managed to secure several economic benefits after the 9/11 because of its role in the US-led war against terrorism.
She said the bill relating to the provision of duty-free access to 25 nations hit by Asian Tsunami was already with the US congress, but it would take some time as the process of legislation in America took quite a long time. “Though the US sympathises with Pakistan due to earthquake, but it cannot ignore its own industry,” she said.
Earlier, the speakers highlighted anti-dumping legislation, its concept methodology and possible impact on exporting and importing states with special reference to Pakistan.
