Pakistan, July 16 -- Pakistan has reinforced its position as the largest beneficiary of the European Union's GSP+ trade scheme, with exports worth €7.115 billion benefiting from preferential tariffs in 2024. The latest EU GSP+ Report highlighted Pakistan's 95.1% utilisation rate, reflecting the country's effective use of the trade facility. The report also recognised continued progress in governance, labour rights, environmental protection, and institutional reforms.

According to the report, Pakistan remained the EU's largest GSP+ beneficiary, with €7.482 billion of exports eligible for tariff preferences. The European Union accounted for 28% of Pakistan's total exports, underlining the strategic importance of bilateral trade...