PBC Welcomes WTO Waiver For EU Concession

The Pakistan Business Council in a statement welcomed the WTO waiver for EU concessions granted to certain textile exports from Pakistan post the 2010 floods. The PBC in its statement recalled that the move to request the EU for a short time market access came about at a meeting that the PBC had with the President of Pakistan in August 2010 which was held to review post flood rehabilitation measures.

At the request of the President of Pakistan, a PBC team comprising its members; namely Mr. Bashir Ali Mohammad and Mr. Shabbir Diwan accompanied the then Foreign Minister and Mr. Zafar Mahmood, Secretary Commerce to the major European Capitals and Brussels in September 2010 to plead Pakistan’s case. The PBC in its statement has noted that though it had taken nearly 18 months for the concessions to materialize it in no way demeans the sustained efforts of the President of Pakistan, as well as those of the Foreign Minister Ms. Hina Rabbani Khar, the Minister of Commerce Makhdoom Amin Fahim, the Secretary Foreign Affairs Mr. Salman Bashir, the Secretary Commerce Mr. Zafar Mahmood, Mr. Tariq Puri Chairman of TDAP as well as the PBC members led by Mr. Bashir Ali Mohammad.

The PBC also acknowledges the support that was extended by Pakistan’s friends in the EU Parliament especially Mr. Sajjad Karim, Member European Parliament for liaising between the various EU parliamentarians and the PBC/GOP to garner and maintain continued support for this concession. The PBC statement concludes by hoping that the working relationship developed between the PBC & the GOP on trade will continue as Pakistan strives for GSP Plus status for its exports to the EU.