You are here: Home » News-ANI » Business
Business Standard

Pak gets GSP Plus status till 2017 for free access to EU market

ANI  |  Islamabad 

The European Union (EU) has granted Generalised System of Preferences (GSP) Plus status to which will grant a duty free access to its products to the EU market.

GSP Plus status to has been granted till 2017, which will allow almost 20 percent of its to enter the EU market at zero tariff and 70 percent at preferential rates, Dawn News reports.

According to the report, 406 members of the European voted in favor of GSP Plus status to Pakistan, while 186 lawmakers voted against it.

Prime Minister said that this shows the confidence of international markets in the excellent quality of Pakistani products.

First Published: Fri, December 13 2013. 11:34 IST