GSP+ helps increase EU-Pakistan bilateral trade to EUR 12.2 billion in 2021

GSP+ helps increase EU-Pakistan bilateral trade to EUR 12.2 billion in 2021

ISLAMABAD (Dunya News) – The European Union and Pakistan emphasizing on the importance of bilateral trade relations have noted that the Generalised Scheme of Preferences Plus (GSP+) resulted in an increase in bilateral trade to EUR 12.2 billion in 2021.

This was noted during the 12th European Union (EU) – Pakistan Joint Commission held in Islamabad on 5 October 2022 to exchange views on all areas of cooperation between the EU and Pakistan, a press release issued here by the Ministry of Foreign Affairs on Friday said.

The Joint Commission was co-chaired by Gunnar Wiegand, Managing Director for Asia and the Pacific in the European External Action Service, and Muhammad Humair Karim, Secretary, Ministry of Economic Affairs.

Representatives of the relevant Ministries of the Government of Pakistan as well as of the European Commission, the European External Action Service, the Ambassador of the EU to Pakistan, Pakistan’s Ambassador to the EU and observers from EU Member States also participated in the meeting.

Both sides presented the results of the Sub-Group meeting on Trade and discussed ways to address issues hampering trade and investment.

The EU stressed effective implementation of the 27 international conventions related to GSP+; and Pakistan reiterated its firm commitment in this regard.

They also discussed enhancing cooperation in agriculture, food security, and quality standards.

The EU expressed solidarity with the people affected by unprecedented climate-induced floods ravaging the country and informed about its contribution to addressing the most urgent needs of the affected population.

Pakistan expressed appreciation for the EU’s and its member states’ support in mobilizing funds of EUR 123 million as well as in-kind assistance for relief efforts.

Pakistan also emphasised the need for additional assistance for the rehabilitation and reconstruction phase. The two sides agreed to further cooperate to address climate change related challenges.

The Joint Commission was briefed about the outcomes of the Sub-Group meeting on Democracy, Governance, Rule of Law and Human Rights.

Pakistan and the EU discussed civil and political rights, the rights of persons belonging to minorities and vulnerable groups and freedom of religion or belief, including concerns about anti-Muslim hatred.

They discussed the role of civil society organisations, freedom of expression and opinion, media freedom and the fight against disinformation. Pakistan informed about steps to strengthen access to justice and reforms related to the application of the death penalty.

The EU welcomed Pakistan’s legislation on the protection of women’s and children’s rights, the protection of transgender persons, as well as the protection of journalists. Both parties discussed legislative proposals, namely the anti-torture bill and the bill on enforced disappearances.

They also discussed the electoral reforms process including recommendations made by the 2018 Electoral Observation Mission. Both sides reiterated their commitment to multilateralism and the UN Charter. The Joint Commission was briefed about the results of the Sub-Group on Development Cooperation.

The EU and Pakistan took stock of the progress made in ongoing actions and exchanged information about the new programming cycle of the EU. The EU and Pakistan also exchanged views on future programmes and longer-term development needs, including achieving the Sustainable Development Goals (SDGs). The EU informed Pakistan about Global Gateway, a EUR 300 billion co-investment strategy rooted in partnership, sustainability and the rule of law.

The EU and Pakistan emphasized their commitment to a closer cooperation on a comprehensive approach to migration. This includes joint efforts to work towards new opportunities for legal migration as well as full and effective implementation of the EU-Pakistan Readmission Agreement.

They agreed to launch a comprehensive migration and mobility dialogue before the end of the year. They also discussed cooperation in the fields of education, culture, science and technology, as well as connectivity and digitalisation.

Besides bilateral cooperation, both sides also exchanged views on regional and global issues including Afghanistan and Jammu & Kashmir. They also expressed deep concern over the situation in Ukraine.

They stressed the need to find peaceful solutions to conflicts, in full respect of the principles of international law and the UN Charter. The EU welcomed the progress made by Pakistan in the implementation of the Financial Action Task Force (FATF) Action Plans. It was agreed that the next session of the EU-Pakistan Joint Commission would be held in Brussels in 2023.