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Related Keywords: GSP plus status for two year, Pakistan business community, Pakistan Readymade Garments Manufacturers and Exporters Association, Pakistani goods have duty-free access on 91 percent of EU tariff lines, PRGMEA, retain the generalized system of preferences, stressed need for aggressive marketing plan, welcomes European Union decision

The Pakistan business community welcomes the European Union decision to retain the generalized system of preferences (GSP) plus status for two year. Under GSP+ Pakistani goods have duty-free access on 91 percent of EU tariff lines. The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has stressed the need for an aggressive marketing plan, besides implementing the prime minister’s export package to maximise benefits from the decision.

Related Keywords: business seminars, Danish Pakistan relation, Danish trade delegation, GSP status, investment and trade, Pakistan, Pakistan business community, textile and energy sector, trade and innovation

A Danish trade delegation visit Pakistan to explore opportunities for investment and trade in various sectors but see great potential especially in textile and energy sectors of Pakistan.

There is great scope for Danish companies to establish their concerns in Pakistan with technology and land at low cost. Moreover, Pakistan has been given the Generalized System of Preferences (GSP) status by the European Union making it more attractive for sourcing companies, especially in the textile sector.