Related Keywords: allows twenty percent of Pakistani exports, ate up export value, Bangladesh, duty benefits extended to Pakistan, enter the EU at zero duty, European Union, GSP Plus status, huge potential in home textiles, including home textile, seventy percent at preferential rates, unable to expand market share, volatile currency exchange rate
Bangladesh has huge potential in home textiles but unable to expand its market share in the European Union because of duty benefits extended to Pakistan. In December 2013, the 28-nation bloc granted Pakistan the GSP Plus status for four years. The GSP Plus status allows 20 percent of Pakistani exports, including home textile, to enter the EU at zero duty and 70 percent at preferential rates.
