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1.
EU and Pakistan, EU boosts
Pakistan exports by $1bn.
2.
Pakistani exports to the
European Union increased by more than a billion dollars after a landmark trade
deal last year which made its products more competitive.
3.
The EU signed a law in late
2013 granting Pakistan so-called "GSP-plus" status, which means firms
pay no tax on certain categories of goods exported to the 27-nation bloc for 10
years.
4.
Pakistan's key textile industry
in particular welcomed the agreement, which came into force in January 2014 and
in an interview with AFP commerce minister, hailed its impact.
5.
Pakistan's exports to the EU
have increased by $1.08 billion during the period January to October 2014 as
compared to the same period in 2013.
6.
Exports to the EU in
January-October 2014 totalled $6.38 billion, up by just over 20 percent from
the $5.3 billion recorded in the corresponding period in 2013.
7.
Before GSP-plus, textile
exports faced customs tariffs of between 6.4 and 12 percent and leather goods
and footwear up to six percent.
8.
The textile industry is the
backbone of Pakistan's exports, making up more than 50 percent of the country's
total overseas shipments.
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