European Union’s decision to redesign its Generalized System will improve sustainability of manufacturing sector: Pakistan Readymade Garments Manufacturers and Exporters Association
Karachi, June 19, 2012 (PPI-OT): Mr. Atiq A. Kochra, Zonal Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has termed the European Union’s decision to redesign its Generalized System of Preferences for GSP Plus scheme by increasing the minimum threshold from one to two per cent, as very positive development for Pakistan’s economy.
“This will improve the sustainability of our manufacturing sector and will create additional business and job opportunities”, he said. PRGMEA has long maintained that getting GSP Plus is absolutely essential for survival of our manufacturing industry, he added.
According to Mr. Kochra, the modified GSP-plus rules have only improved Pakistan’s chances qualifying for GSP Plus. Now the government needs to sincerely work towards the implementation of 27 conventions required for getting GSP Plus.
These conventions include human and labor rights, environment and good governance, amongst others, which are particularly difficult to implement and substantiate. Even after Pakistan qualifies for GSP Plus, the government will have to continually show improvement in its performance on these conventions, otherwise GSP benefits can be suspended.
Mr. Kochra said that we have been advocating since long that a high level task-force should be constituted which will comprise members from both public and private sectors in order to review progress, analyze possible obstacles / hindrances and take appropriate action to counter any negative campaigning by our competitors.
We feel that this forum is of vital importance because we do not want to encounter the same problems as faced on the issue of EU trade concession over 75 products, all over again. Therefore, we should not expect smooth sailing over the issue permanent duty-free access on all our products to the EU.
For more information, contact:
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA)
18-A Shaheen View Building, Block-VI, P.E.C.H.S.,
Tel: +9221 3454 9073, +9221 3454 7912
Fax: +9221 3453 9669
Category: General Business News