Pakistan is a diversified exporting economy with textiles and apparel at its core, complemented by rice, leather, and surgical instruments. Key destinations include the United States, the European Union, and regional partners; within the EU, preferential access under GSP+ (through 2027) supports competitiveness for many industrial products.
GSP Plus
Pakistani products have duty free access in all 27-member states of the European Union (EU) since 1st January 2014. This duty-free access is available under European Union’s ‘Special Incentive Arrangement for Good Governance and Sustainable Development’ (GSP Plus) which is a pivotal mechanism for improving economic relations between Pakistan and EU, whereby Pakistan is given zero rated preference on almost 66% tariff lines to the EU market. This arrangement has helped Pakistani products to compete successfully with similar products originating from competitors.