Islamabad June 21 2022: The cabinet also reviewed the GSP Plus agreement, that was singed in 2013 and under which Pakistan had got the facility for ten years in exports to the European Union countries.
The meeting was also briefed on the key elements of proposed new EU GSP (2024-2034). It was informed that all the ministers concerned were in contact with the EU authorities.
The cabinet expressed its satisfaction that almost all political parties had their representation in the current coalition government, therefore, meeting all the conditions required for the GSP Plus agreement would be more easy.
The prime minister directed all the relevant ministries to ensure timely inking of the agreement for EUGSP (2024-34).
The planning minister said the meeting also discussed the tough decisions being taken in the wake of ongoing economic situation in the country. He said the PTI government had knowingly avoided to take tough decisions and put the economy on the verge of collapse.
He said the current government was committed to revive the China Pakistan Economic Corridor (CPEC), and attract foreign investment that would help put the country on the path of progress and development.
