President Lasbela Chamber of Commerce and Industry welcomes grant of duty free market access to Pakistani Textile made-ups by Europe Union under Generalized System of Preference plus

Lasbela, November 06, 2013 (PPI-OT): Mr. Ismail Suttar, President Lasbela Chamber of Commerce and Industry, has welcomed the grant of duty free market access to Pakistani Textile made-ups by the Europe Union (EU), under the provisions of Generalized System of Preference (GSP) plus with effect from 1st January, 2014.

The Chamber’s Chief congratulated the manufacturers and exporters of textile products, who have now got the opportunity to penetrate in the EU market, as this facility would provide duty free access to about 3500 products, thus saving 11% custom duty levied on Pakistani products in Europe, which has been abolished with effect from 1st January, 2014.

Mr. Ismail Suttar appreciated the efforts of the Punjab Governor, Mr. Muhammad Sarwar, whose efforts and lobbying with the EU Parliamentarians resulted in providing this facility to Pakistan.

At this moment, the President of Lasbela Chamber urged the US authorities to facilitate the Pakistani Exporters in similar way to provide duty free US market access to Pakistani exports, which may grow up to $2 billion thus providing a great support for strengthening the economy of Pakistan and to address the unemployment problem and poverty elevation issues. An economically strong Pakistan may play significant role in resolving various socio-economic issues of the world as well.

For more information, Contact:
Muhammad Farhan
Public Relations Officer
Lasbela Chamber of Commerce and Industry
Ground floor, lieda office building, Hub, Dist. Lasbela,
Tel: (0853) 303410, 304461
Fax: (0853) 302431
E-Mail: farhanprolcci@yahoo.com