FPCCI Highlights GSP+ Role in Pakistan’s Export Growth

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has highlighted the role of the European Union’s Generalised Scheme of Preferences Plus (GSP+) in expanding Pakistan’s exports to the European market.

Sheikh said Pakistani exports to the EU grew by 108% over the past decade under the GSP+ framework. He described the preferential trade arrangement as a critical support for Pakistan’s economy.

GSP+ Opens EU Market for Pakistani Products

According to Sheikh, GSP+ has allowed most Pakistani products to enter the European market at zero or preferential tariff rates. He also appreciated the European Union and its mission in Pakistan for their continued cooperation.

The FPCCI president described the EU as an important economic partner for Pakistan. He said the growth in exports reflects stronger trade relations between the two sides.

FPCCI Calls for Greater Government Support

Sheikh said GSP+ provides Pakistani businesses with access to a major export market. It also creates opportunities to diversify beyond traditional textile exports.

However, international compliance requirements continue to evolve. The period leading up to 2029 will therefore require greater preparation from businesses and policymakers.

TCL Sues Samsung Over Mini LED TV Advertising Claims

FPCCI has called for stronger government facilitation, awareness programmes and incentives. These measures, Sheikh said, can help businesses gain greater value from preferential access to the EU market.

SMEs Need Compliance Support

The FPCCI president also proposed dedicated government-industry task forces. Such groups could help businesses, particularly small and medium-sized enterprises, understand and implement EU requirements.

These requirements cover areas such as labour rights, human rights and environmental standards. They also include principles linked to good governance.

Moreover, Sheikh called for the removal of bureaucratic hurdles. He said a more efficient business environment could help Pakistani companies compete more effectively in Europe.

Energy Costs and Reforms Highlighted

Targeted policy incentives could also help major export sectors expand their presence in the European market, according to Sheikh. He specifically highlighted textiles and other key industries.

Competitive energy prices remain another important concern for exporters. Structural reforms and proactive compliance support will also play a role in maintaining market access.

Sheikh described the transition period through December 2028 as an opportunity for action. He warned against complacency as Pakistan prepares for changes after the current GSP+ framework.

FPCCI Pledges Cooperation With Government and EU

FPCCI said it will continue working with the Government of Pakistan and the EU Mission. The federation aims to help maximise the benefits of GSP+ and support long-term economic stability.

Sheikh stressed that stronger coordination between the government and business community will remain essential. Pakistan’s exporters, he said, need continued support to protect and expand their position in the European market.