PBC for ensuring compliance of 27 Conventions

Pakistan Business Council (PBC) has urged the government, industry and other stakeholders including political parties to ensure country compliance of 27 Conventions for continuation of EU’s Generalised System of Preferences (GSP) plus status.

Sri Lanka lost its GSP plus status in 2010 based on its failure to comply with the Conventions related to human and labour rights. GSP potential can be fully realised and will depend on factors not just limited to a zero tariff access.