GSP Plus not textile-specific


LAHORE: German Ambassador to Pakistan Dr Cyrill Jean Nunn has said that GSP Plus is not textile-specific but it offers opportunities to other sectors of the economy as well, therefore Pakistani businessmen should get this benefit.


The Ambassador was speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday. He said that the GSP Plus would give great boost to Pakistan’s business of all economic sectors, including leather and sports goods.


He said Germany intends to develop and strengthen mutual trade relations with Pakistan and would make all out efforts to ensure access for exporters to the European Union and German markets. He expressed the optimism that there would be investments in Pakistan by different companies of Germany as they had shown a keen interest, especially in the energy sector.


Dr Nunn said several German companies are ready to establish joint ventures with business community of Pakistan in different trade fields. “Both countries have enjoyed good friendly and cordial trade relations, and the time is ripe to further strengthen the mutual trade ties,” he said.


Apart from bilateral trade and economic relations, the LCCI President Engineer Sohail Lashari threw light on rich German history, culture and its contribution to the society particularly after World War II.


LCCI President said that consistent rise in two-way trade was evident of the fact that the joint efforts made at public and private sectors level were paying off. Therefore, there was a need to maintain that positive trend to minimise trade deficit gap.


Lashari said that Pakistan had been experiencing a positive balance of trade with Germany but in 2012, it was not the case.


LCCI chief said that Pakistan was renowned for producing the finest quality of fresh fruits and vegetables, leather goods, sea food, readymade garments, bed linen and hosiery etc. Some foreign investment in food processing and packaging could turn these products much more marketable and attractive in the international market.

Source: The NEWS

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