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Brexit may harm Pakistan exports to the UK

Brexit can potentially have a major negative impact on Pakistan’s exports to the UK. Pakistan’s exports to the UK are governed by the GSP Plus scheme. Meanwhile addressing the Pakistan Textile Exporters Association (PTEA) British Ambassador Gillian Rogers has said that UK is establishing its own GSP Plus scheme or a similar arrangement to maintain the current level of merchandise exports from Pakistan to UK. Increase in bilateral trade is more interest to the both government

The UK is a major trade partner of Pakistan. Much of Pakistan’s exports to the UK consist of made-up textile articles, articles of apparel, cotton and articles of leather. All these products currently enjoy duty-free access to the UK under the GSP Plus. The UK is one of the vocal and reliable supporter of Pakistan and has taken extreme measures to support its economy. The UK is establishing its own GSP Plus scheme or a similar arrangement to maintain the current level of merchandise exports by Pakistan to the UK.

The UK is currently focusing on green energy and energy efficiency in Pakistan including consultancy for individual enterprises on energy conservation in their production processes. It is working in different sectors of the economy to enhance the productivity and the working conditions to further improve the quality and quantity of exportable surplus from Pakistan. By taking advantage of Brexit, the UK hopes to take economic ties with Pakistan to the next level. The textile industry in Pakistan is the eighth largest exporter of textile products in Asia.

 
 
 
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