EU Trade Mission Evaluates Pakistan’s Export Progress

Karachi: The European Union’s Generalized Scheme of Preferences Plus (GSP+) Monitoring Mission visited the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) in Karachi to assess Pakistan’s trade performance and compliance under the GSP+ scheme. Led by Mr. Sergio Balibrea, the mission aimed to explore opportunities for enhancing trade cooperation between Pakistan and the EU.

Mr. Atif Ikram Sheikh, President of FPCCI, reported that the mission engaged in detailed discussions with senior FPCCI officials, including Mr. Saquib Fayyaz Magoon, Ms. Qurat Ul Ain, Mr. Zubair Baweja, and Dr. Mirza Ikhtair Baig. The talks focused on Pakistan’s export growth to the EU, which has increased significantly from $5.4 billion in 2013 to $13.54 billion in 2024, largely driven by the textile sector.

Mr. Balibrea acknowledged Pakistan’s progress but stressed the importance of continuing reforms and strengthening institutions. Both parties expressed their commitment to deepening their partnership under the EU-Pakistan Strategic Engagement Plan, emphasizing the need for institutional dialogue and cooperation in trade, climate resilience, and skills development.

Mr. Saquib Fayyaz Magoon highlighted the mission’s review of Pakistan’s compliance with 27 international conventions, crucial for maintaining GSP+ status. Discussions also covered labour rights, environmental protection, and governance.

Ms. Qurrat Ul Ain outlined investment opportunities in sectors like renewable energy, mining, and telecommunications, advocating for joint ventures and partnerships with European firms. She emphasized collaboration in SME development and vocational training.

Mr. Zubair Baweja addressed challenges faced by Pakistani exporters, including compliance with EU standards and regulatory requirements. He called for increased EU technical assistance and capacity-building programs to support exporters in non-traditional sectors.