Pakistan'S Prime Minister Seeks EU Tariff Relief

2010/6/2 9:35:00 63

Gilani, Prime Minister of Pakistan, is in Pakistan.

EU summit

The general will seek the EU's immediate lifting of tariff concessions, especially tariff reductions for textile products.

The summit will be held in Brussels on 3-4 June.

At present, Pakistan's products face 12% EU tariffs, which is why Pakistan's prices in the EU market have risen sharply compared with other countries, a senior official in Pakistan said.

The official said that the prime minister would also stress to the European Commission the start of a resource trade agreement with Pakistan, which would help Pakistan get rid of the economic crisis on a long-term basis, because negotiations between the EU and India on the free trade agreement have been carried out, and they need a year and a half to complete the free trade agreement.

If the EU and India complete negotiations on the free trade agreement, Pakistan will automatically lose the largest EU.

market

Because India's commodities will enter the EU market under the free trade agreement and 0-5% tariff reduction, Pakistan's products will still be a high tariff in the EU market.

In addition, officials from the Ministry of Commerce of Pakistan confirmed that the European Union and India

free trade

The negotiations are proceeding smoothly, and the information collected by the Ministry of Commerce shows that the free trade agreement will take a year and a half or even longer to complete. Then, the European Parliament will need up to a year to start the free trade agreement with India.

The free trade agreement between the EU and India has become the biggest challenge of Pakistan's trade diplomacy.