BRUSSELS: The European Com­m­i­s­sion has proposed extending Pakistan’s GSP+ status — which is set to expire at the end of this year — for another four years as a contingency measure.

The EU has decided to introduce fresh legislation to continue the scheme for another 10 years, but there seems to be a deadlock between the EU Council, which wants to link the GSP+ scheme with migration, and the EU Parliament, which is not ready to do so.

“The EU Parliament strongly believes that trade shouldn’t be linked with the migration issue,” MEP Heidi Hautala said during an interaction with visiting Pakistani journalists.

As a temporary measure, it has been proposed that the current scheme should be extended for four years. The proposal will now be put to vote in the EU Parliament. According to a European official, the scheme will definitely be extended, but its time period will be decided by the legislature.

However, one EU official said that over the next decade, the GSP+ scheme would be very stringent and some countries may not even qualify for it, under the new legislation. It was repeatedly mentioned that conditions will be the same for all those countries trying to avail the GSP+ status and there will be no ‘pick and choose’.

Under the new regime, countries will have to submit a plan of action to implement over 30 conventions to qualify and remain eligible for duty-free access of goods to EU markets.

In a statement, EU Ambassador to Pakistan Dr Riina Kionka said they were keeping a close eye on Pakistan. A European official also commented that upcoming conditions may prove challenging for Pakistan.

Published in Dawn, July 9th, 2023

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Lakki police protest
12 Sep, 2024

Lakki police protest

Police personnel are on thed front line in the campaign against militancy, and their concerns cannot be dismissed.
Interwoven crises
12 Sep, 2024

Interwoven crises

THE 2024 World Risk Index paints a concerning picture for Pakistan, placing it among the top 10 countries most...
Saving lives
12 Sep, 2024

Saving lives

Access to ethical and properly trained mental health professionals must be made available to all.
Dark turn
Updated 11 Sep, 2024

Dark turn

What transpired in Islamabad should give at least the old guard within the more established political parties some pause.
Clearing the air
11 Sep, 2024

Clearing the air

THE rumour mill had been working overtime regarding a purported extension for the chief justice of the country....
Deplorable remarks
11 Sep, 2024

Deplorable remarks

It is a matter of grave concern that Imran Khan reportedly defended Gandapur’s hideous remarks about the Punjab CM and female journalists.