Pakistan, July 16 -- Pakistan emerged as the leading beneficiary of the European Union's GSP+ trade scheme, recording €7.1 billion in exports to the EU during 2024. The latest EU GSP Report also highlighted Pakistan's utilisation rate of more than 95%. However, it stressed that continued reforms remain essential to retain future trade benefits.

The GSP+ programme grants developing countries preferential tariff access in return for progress on human rights, labour standards, environmental protection, and good governance. Pakistan outperformed other beneficiary countries, including the Philippines and Sri Lanka, in export value. The report credited the scheme with strengthening Pakistan's export sector.

Read more: Pakistan and EU ex...