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Pakistan fears loss of GSP Plus status after Peshawar carnage

Considering the frightening level of violence Pakistan has experienced, the country may lift the ban on executions. But this decision has made textile exporters worried. They feel Pakistan may lose duty benefits that it enjoys under the Generalised System of Preferences (GSP) Plus scheme. Exporters believe that the government should convince the European Union not to suspend the GSP scheme.

If the EU Parliament does not agree with the government’s decision of lifting the moratorium on execution, the probability of losing the GSP Plus status is very high. The hope is that after such a hideous incident the EU will not act against Pakistan’s GSP Plus status. Some textile companies’ exports are highly sensitive to the GSP Plus status. There are companies that export around 55 per cent of their products to EU countries. So any revision will damage their profitability.

Some exporters believe that since the GSP Plus scheme was granted with conditions, the country has to comply with the 27 international conventions, including the clauses on human rights that disallow the signatory country to abolish the death penalty. And since Pakistan has now lifted the self-imposed ban on the death penalty, it may lose the GSP Plus scheme in the EU.

 
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