Pakistani finally succeeded to get the GSP plus status from European Parliament which allowing duty free access to Pakistani products to EU market.
The EU Parliament took the decision with 406 votes and the facility would be available to Pakistan from first of January next year while this status has been granted till 2017.
Now Pakistan can export its items to 27 countries without have to pay duties.
The GSP Plus is granted to those countries that ratify and implement international conventions relating to human and labour rights, environment and good governance.
This development give boom to the exporters from various industries in Pakistan including textile were anxiously hoping for access to European markets, which promises huge potential for multiplying the country’s current exports.