European Union Organizes Business Forum In Peshawar To Encourage Pakistani SMEs To Boost Trade

ISLAMABAD, (UrduPoint / Pakistan Point News – 14th Jun, 2022 ) :The EuropeanUnion (EU) Charge’d Affaires to Pakistan Mr.Thomas Seiler on Tuesday mentioned that EU-Pakistan enterprise Forum would allow exporters to reap full advantages from the EU-granted GSP+ concessions to Pakistan by creating contacts within the EU market.

Addressing the contributors of the fourth version of the EU-Pakistan Business Forum in Peshawar, Mr.Thomas mentioned that this program would additionally assist discover bilateral commerce alternatives for the EU and Pakistani companies and establish new sectors to broaden the export base and diversify exports, mentioned a press launch issued right here by EU’s Commission in Pakistan.

EU-granted GSP+ standing to Pakistan and supplies two-thirds of tariff strains duty-free entry to the EU market, with the remainder on preferential duties, and paves the best way even for the SMEs to grow to be actual engines for financial improvement.

“We have come to Peshawar to hold the 4th EU-Pakistan Business Forum, with the hope and confidence that it will widen trade opportunities – especially for the small and medium enterprises”, he added.

During the Peshawar session of the Business Forum, the contributors have been knowledgeable about making the Pakistani SMEs part of the nation’s export provide chains utilizing the GSP+ scheme granted to Pakistan by the European Union.

It is pertinent to say that after three earlier programmes held in Islamabad, Lahore, and Karachi on 8 September, 13 October and 17 November respectively, final 12 months, the present occasion in Peshawar was attended by representatives of native SMEs from key sectors together with handicrafts and carpets, tourism, stone and gems trade.