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The Council for Trade in Goods of the World Trade Organization at its meeting in Geneva today unanimously approved a Pakistan-specific EU trade package (Autonomous Trade Preferences) which would allow tariff-free export of 75 Pakistani products to EU markets over the next two years. The package will enter into force after it is formally approved by the WTO General Council at its meeting on 14 March 2012 and completion of EU’s internal procedures.

The EU Trade Package is aimed at helping Pakistan to deal with economic losses caused by the unprecedented floods in Pakistan in 2010. The package would help increase Pakistan exports to EU countries and generate thousands of jobs in Pakistan.

Pakistan is thankful to all WTO member countries for their support. The Government of Pakistan particularly appreciates the European Union and its member states for their commitment to help Pakistan revive and stabilize its economy through trade.

01 February 2012

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