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Follow UN Conventions to avail more chances from GSP in EU Single Market

KARACHI: EU Ambassador to Pakistan Ms. Androulla Kaminara addressing a Press conference along with Adviser to Prime Minister on Commerce & Investment Abdul Razzaq Dawood, Chairman Pakistan Association of Exhibition Industry Khurshid Barlas and head of Communications EU Daniel Clauss, Wednesday.

Imran Zakir

KARACHI: EU Pakistan Business forum organised a Press meet up with European Union Ambassador, Androulla Kamin along with Adviser to the Prime Minister on Commerce & Investment to share the efforts of EU to support Pakistani entrepreneurs to boost exports and maximise benefit from GSP + with EU single market on Wednesday at local hotel of Karachi.
Earlier Ambassador of the European Union to Pakistan, Androulla Kaminara, welcomed the participation of Ambassadors from Sweden and Denmark, Government representatives, including Governor Sindh Imran Ismail and Adviser to Prime Minister on Commerce & Investment Abdul Razzaq Dawood.
Speaking at the occasion EU Ambassador said that we are trying to help out Pakistan to improve its trade with EU countries but for us 27 UN Conventions are very important that we want full assurance from Pakistan’s government to follow them which also improves the state of governance.
Our objective is to boost exports and resolve trade barriers which are faced by SMEs. of Pakistan and it’s our third forum here at Karachi, earlier the same activity held at Lahore and Islamabad with the business community. The EU-Pakistan Business Forum aims to provide opportunities for both EU and Pakistani businesses to work together to become engines of development and partnership and contribute to enhancing bilateral trade.
While in the EU, Europe’s 25 million small and medium enterprises (SMEs) are the backbone of the EU economy. SMEs provide two out of three industrial jobs in the EU and they are growth engines.
This Forum was attended by local SMEs from four sectors – Fast Moving Consumer Goods (FMCGs), the chemicals and pharmaceuticals, the value-added textiles and leather and gems, stones, onyx and jewellery designing.
Speakers from the Pakistan Business community focused on the importance of SMEs, their role in value addition and importance to Pakistan’s sustained economic growth. Participants were informed about how SMEs could benefit from the European Union’s GSP+ Scheme, providing two thirds of tariff lines duty free access to the EU market with the rest on preferential duties.
The Pakistani economy consists of almost 3.3 million SMEs. These consist of service providers, manufacturing units and start-ups. SMEs make up over 30% of Pakistan’s GDP, account for approximately 25% of export generation and provide over 70% industrial employment.
During the question and answers session a question was raised by Media by the Media to up lift ban of Pakistani Sea food, Poultry and Dairy Products which She responded, We are more Conscious about the health of Our Peoples and Pakistan has to improve its quality standard to up lift ban on these products, we definitely move on towards compliance process and bilateral talks to addresses such issues especially we lift up the ban on Indian Honey in 2017 but not on Pakistani honey just because of health hazards.
Through this forum, we are trying to help create linkages between EU and Pakistani SMEs to improve their quality standard, understand their challenges, Certification issues and with a particular focus on technology transfer.
Razak Dawood, Advisor to the Prime Minister on Commerce and Investment said that government’s new SME development policy shows the commitment to help small businesses grow and contribute positively to Pakistan’s economy that ‘w why 08 banks are approved by the Central bank to finance Rs. 60 billion to our SMEs sector.