Islamabad (Web Desk): Pakistan has agreed to share its experience and provide technical assistance for Kyrgyzstan that is keen to make inroads into the European Union market under the Generalised Scheme of Preferences (GSP) Plus – a mechanism under which duties are eliminated or drastically reduced.
Pakistan’s response came after Kyrgyzstan sought help in that regard in a meeting of the Joint Ministerial Commission (JMC) of the two countries held on January 11 and 12, said an official. The JMC huddle came after a long gap of 10 years.
“Kyrgyzstan, a Central Asian nation, expressed interest in learning from Pakistan’s experience in making exports to the 28-nation EU market,” the official said. In November 2015, the EU approved a proposal to grant preferential trade access to Kyrgyzstan under the GSP Plus. Following a review by the European Council and the European Parliament, the EU regulation for granting the GSP Plus status to Kyrgyzstan was published in the official bulletin of January 26, 2016. It came into force the very next day.
Considering that Kyrgyz entrepreneurs do not have such a presence in the European market as that being enjoyed by Pakistani entrepreneurs and the successful use of trade preferences by Pakistani businessmen, Kyrgyzstan is highly interested in holding a webinar or meetings between government authorities and entrepreneurs of the two sides.