Lahore chamber of commerce and industry - Latest News Update, Information, Photos & Videos on Lahore chamber of commerce and industry at Lokmat Times

European Union's Ambassador to Pakistan Androulla Kaminara on Thursday said that the bloc will decide about extending the Generalised Scheme of Preferences Plus (GSP+) status for 2024 to Islamabad after reviewing the country's two-year performance report on exports for the years 2020 and 2021, reported local media.According to Dawn, while speaking to the business community here at the Lahore Chamber of Commerce and Industry (LCCI), Kaminara said: "The last two-year report (2018-19) was issued in February 2020. Pakistan's performance report (for the years 2020 and 2021) is under compilation these days.""Therefore, the further decision for the extension of this status to Pakistan, with effect from Jan 1, 2024, will be made after reviewing this report," she added.Emphasising that the EU was ready to help Pakistan to expand its exports to the bloc, Kaminara said: "We will continue engaging with partners, including Pakistan, to address the common challenge of climate change."The European Commission has adopted a legislative proposal for 10 years (2024-34) to offer a new European Union GSP to remove or reduce duties on the import of products to promote sustainable development in low-income countries.Pakistan is the largest beneficiary of the current GSP plus scheme since 2014 -- zero per cent duty on several hundred products under the current regulation, which will expire on December 31, 2023, and to which the new proposal will become the successor.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Lahore Chamber Of Commerce And IndustryFOLLOW

Lahore chamber of commerce and industry, Latest News

International :Pak to decide on importing food items from India after consultation

Islamabad, Aug 31 The Pakistan government will take a decision to import food items from India after consulting ... ...

Politics :Lahore traders seek permission for vegetable import from India

Islamabad, Aug 30 In view of the skyrocketing prices of vegetables amid the ongoing floods and relentless monsoon ... ...

International :IMF wants Pakistan to 'do more' than just levying taxes, says it should find ways to enhance competitiveness of economy

The International Monetary Fund does not seem to be satisfied with the Imran Khan government despite the latter increased taxes on a number of products and services in Pakistan as IMF's Resident Representative Esther Perez Ruiz conveyed that Islamaba ...

International :EU to decide on Pakistan's GSP+ status after two-year review

European Union's Ambassador to Pakistan Androulla Kaminara on Thursday said that the bloc will decide about extending the Generalised Scheme of Preferences Plus (GSP+) status for 2024 to Islamabad after reviewing the country's two-year performance re ...