Pakistan Loses Its Duty Free Access To EU

Tuesday, Pakistan The Ministry of Commerce held a meeting with exporters to discuss 75 EU tariff free facilities for Pakistan products, including clothing and textiles. India has been opposed to the EU's decision to grant Pakistan duty-free access. Recently, India changed its position and decided to support the EU decision at the WTO meeting.

However, duty-free access is facing fierce competition from Bangladesh's 8 clothing products. A week ago, at the WTO trade goods (CTG) committee meeting in Geneva, Bangladesh put forward 8 reservations about clothing products, because the EU remains the largest export destination for Bangladesh clothing.

Bangladesh, however, has informed the world. trade organization Conference, if not for 8 Pakistan clothing products tariff Treatment, Bangladesh will not have any objection.

Pakistan missed the opportunity to receive tax exemption, because Brazil, Peru and Indonesia also raised objections at the Geneva CTG conference.

Generally speaking, the duty free facilities are provided to the least developed countries. Pakistan is a developing country and does not belong to the least developed countries. However, after Pakistan suffered devastating floods last year, the EU asked the European Union to grant 75 tariff free products to Pakistan. Discount Policy.