German envoy says Pakistan’s GSP+ status up for renewal
ISLAMABAD: Pakistan’s status under the Generalized Scheme of Preferences Plus (GSP+), which makes the European Union its largest export market, led by Germany, is up for renewal ahead of the new framework launching in 2028. Following a monitoring visit last winter, the EU published a report in July outlining key compliance areas Pakistan must address, German Ambassador to Pakistan Ina Lepel…
The German envoy to Pakistan, Ina Lepel, announced on Monday that Pakistan's Generalized Scheme of Preferences Plus (GSP+) status is up for renewal ahead of the new framework launching in 2028. GSP+ grants Pakistan preferential trade access to the European Union, with Germany leading as the largest export market. Following a monitoring visit last winter, the EU published a report in July outlining key compliance areas Pakistan must address to retain its preferential trade status.
Germany supports Pakistan's ongoing IMF program on merit, noting positive signs of economic resilience following recent shocks. The German ambassador expressed hope that the government's momentum on IMF-mandated structural reforms will persist as the program moves forward.
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