Saturday, May 10, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

European Union is the largest importer of Pakistani Exports more than US and China combined says the EU Envoy

News Desk
February 22, 2022
European Union is the largest importer of Pakistani Exports more than US and China combined says the EU Envoy
Share on FacebookShare on Twitter

Her Excellency Androulla Kaminara Ambassador of the European Union to Pakistan said that EU was the largest importer of Pakistani exports which were 35% of Pakistan exports while USA’s share was 16% and China 6%.

She said this during a Webinar organized by Karachi Council on Foreign Relations (KCFR), chaired by Mr. Ikram Sehgal and moderated by Ambassador Mustafa Kamal Kazi. The Ambassador said that the European Union is a Unique Economic and Political Union. She added that after the Second World War, with the creation of the European Economic Community in 1958.

The logic of creating a Union between former enemies in Europe, who had fought the World War, was that the European Union exerts towards cooperation rather than aggression; which should be well understood that cooperation always gives benefits to both sides.

The foremost goal of the European Union is to promote peace both within the Union and in the world, through economic and monetary systems to promote inclusion and negate discrimination, break down barriers and borders to trade and encourage technological and scientific developments, competitive global market, and social progress. European values are human dignity, freedom, democracy, equality, rule of law, and human rights that we practice both internally and externally.

The Ambassador said that EU is Pakistan’s partner since 1962 and this year, 60 years of diplomatic relationship will be celebrated. Replying to a question she said that she was a lover of tourists’ attraction in Pakistan. The EU has also been providing grants in order to promote Pakistan tourist areas. While answering to another question she said The EU’s GSP is a well-established trade and development policy instrument, which has been in place since 1971.

The current GSP framework, which expires by the end of 2023, is based on EU’s Regulation since 2012. By eliminating or reducing import tariffs the scheme offers easier access to the EU market for goods exported from developing countries. Lower duties enable these countries to increase their exports to the EU and thus contribute to their economic growth and jobs creation, including diversifying their economies.

The EU’s GSP supports sustainable development, as tariff preferences are conditional on the respect for human rights, labor rights, environmental protection and good governance and Pakistan textiles could find a bigger market in the EU in the coming years.

Before Her Excellency, Ambassador Mustafa Kamal Kazi highlighted as to how much Pakistan valued and shared outstanding multifaceted relationship with the EU and bilaterally with all its member states. That the EU had provided more than 1.3 billion Euros for projects and programs in Pakistan and since the grant of GSP plus in 2014 Pakistan’s exports to EU had enhanced from 4.5 billion Euros in 2013 to 7.4 billion euros in 2019, registering increase of 65% that the EU had inherent strategic advantage to play a constructive balancing role in increasing polarized multi-polar global dispensation that we see today.

Chairman Ikram Sehgal thanked and said that the first European to reach India by sea was Vasco da Gama in 1498 and all trade had been conducted from the sea.

While, now there existed two corridors in which Pakistan has been counted in the Eurasia Section. While other sectors were Middle East, North Africa (MENA) and Europe too and additionally because of the location of Gwadar, in Indian Ocean, there are two other important corridors, one is North-South Corridor, linking Russia and Central Asian States into Gwadar and the other is old RCD highway (West-Corridor) which connected Europe, through Pakistan, Iran, Turkey and these are actually capable of working today also.

He acknowledged EU’s Financial inclusion in the World Banks sustainable goals, particularly in the women’s empowerment which needed to be discussed further because EU’s contention of human right which would be included in women’s empowerment also. 

News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

AI, Cloud ERP, and Data-Driven Innovation Take Center Stage at SAP’s Innovation Day
Business

AI, Cloud ERP, and Data-Driven Innovation Take Center Stage at SAP’s Innovation Day

May 9, 2025
ANF Smuggled goods burning ceremony held
Business

ANF Smuggled goods burning ceremony held

May 9, 2025
Pakistani Envoy Shuts Down Sky News’ Yalda Hakim Over Rafale Propaganda
Headline

Pakistani Envoy Shuts Down Sky News’ Yalda Hakim Over Rafale Propaganda

May 9, 2025
IMF talks: Govt considers Rs. 2.8 per unit surcharge to repay bank loans
Business

IMF Executive Board to Decide $1.1 Billion Disbursement for Pakistan Today

May 9, 2025
Saudi Minister Visits Islamabad Amid Rising Pakistan-India Tensions
Headline

Saudi Minister Visits Islamabad Amid Rising Pakistan-India Tensions

May 9, 2025
Empowering Mothers Through Online Homeschooling
Business

Empowering Mothers Through Online Homeschooling

May 9, 2025
Military Stance on May 9 Remains Firm, Accountability Urged: DG ISPR
Headline

India Accused of Sponsoring Terrorism in Pakistan and Canada: DG ISPR

May 9, 2025
India-Pakistan Tensions Provide China With Strategic Intelligence Advantage
Headline

India-Pakistan Tensions Provide China With Strategic Intelligence Advantage

May 9, 2025
Those hindering economic recovery are enemies of the country.
Business

Pakistan must keep the cunning enemy on edge.

May 9, 2025
Quiet quitting: A modern workforce phenomenon  challenging engagement models
Business

Quiet quitting: A modern workforce phenomenon challenging engagement models

May 9, 2025
Next Post
Supernet

Supernet Secures multiple contracts from ZTBL worth over PKR 450 Million!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Sajal Malik Video Leak Sparks Controversy as Fans and Critics Debate

Zarnab Shastri’s Private Videos Leaked Amid Manahil Malik’s Controversy

Another leak: TikToker Somal Mohsin’s private videos go viral

Another obscene video of Minahil Malik goes viral

Torino Comics Honors Akira Toriyama, Creator of Dragon Ball and Dr. Slump

Must Read

High interest rates benefit banks and corner businesses.
BANKING

High interest rates benefit banks and corner businesses.

September 18, 2024
PTI founder calls on overseas Pakistanis to stop remittances to country
Headline

PTI founder calls on overseas Pakistanis to stop remittances to country

December 22, 2024
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.