Pakistan continue to benefit from UK trade preferences scheme after Brexit, said Pakistani High Commissioner.

High Commissioner to the United Kingdom Moazzam Ahmad Khan underlined UK scheme at par with the EU GSP Plus facility.

He was delivering a key-note address at a webinar on “Post-Brexit UK’s GSP scheme and potential for Pak-UK trade” in London.

Pakistan continue to benefit from UK trade preferences scheme

The event held under the aegis of Pakistan High Commission, Trade Development Authority of Pakistan (TDAP) nd Ministry of Commerce.

Besides officials of the Ministry of Commerce, TDAP and Chambers of Commerce & Industry, a large number of businessmen from Pakistan and UK attended the webinar.

Moazzam highlighted the duty-free access to Pakistan on more than 90 percent of its exports as a good omen for future trade and investment relations between the two countries.

He underlined the need for a comprehensive strategy and effective public-private cooperation to leverage this potential.

Moreover, he called fort making effective utilisation of the concessions available to Pakistan.

Besides, he urged increase its the post Brexit market share.

The high commissioner also apprised the participants about the efforts undertaken to address regulatory and non-tariff barriers on Pakistan products.

Outreach plan

He also shared his outreach plan to create awareness about the trade and investment potential of Pakistan.

He said that it was encouraging to see remarkable growth in Pakistan’s exports to the UK and increased remittances to Pakistan during the current fiscal year.

In order to sustain the current momentum, he urged the Pakistani businesses to diversify export products.

The HC further proposed to establish long term business contacts with the buyers, develop compliance mechanisms and acquire certifications.

He said that given the potential of the UK market, products like pharmaceutical, healthcare & PPE, surgical instruments, IT enabled services, processed food and, agriculture products possess immense potential and needed to be exploited.

All possible assistance and facilitation assured

He assured all possible assistance and facilitation from the Mission to the Pakistani business community in their marketing efforts.

Earlier, minster (trade) of the High Commission Shafiq Shahzad made a comprehensive presentation on the UK’s trade preferential scheme for Pakistan & other developing countries.

He highlighted potential for enhanced trade between Pakistan and the UK.

Meanwhile, Kamal Shahryar, Adviser TDAP, also spoke.

He discussed issues related to compliance with international conventions and rules of origin.

During the event, Ex-Chairman PREGMEA, Ijaz Khokhar, Amjad Pervez, Chairman JumpStart Pakistan, and Atta ul Haq,S ecretary General, Pakistan-Britain Business Council shared their views.

They gave proposals for expansion of UK-Pakistan trade and economic ties in the post Brexit period.

GTV