date:Jan 02, 2014
On December 05, 2013 the European Union (EU) Parliament approved the Generalized Scheme of Preferences (GSP) Plus status to Pakistan. The effort to establish GSP Plus for Pakistan began as part of the EUs efforts to help Pakistans economy recover from losses from devastating floods in 2010. The GSP Plus Act will come into force on January 1, 2014 and will be effective through 2017.
Access to GSP Plus status means duty-free or lower duty access for almost all Pakistani products with almost 20%