EU and Pakistan (Sylodium, export to EU from Pakistan)
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- EU and Pakistan, EU boosts Pakistan exports by $1bn.
- 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.
- 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.
- 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.
- 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.
- 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.
- Before GSP-plus, textile exports faced customs tariffs of between 6.4 and 12 percent and leather goods and footwear up to six percent.
- The textile industry is the backbone of Pakistan's exports, making up more than 50 percent of the country's total overseas shipments.
Population: 11.007.020 (76th)
GDP per cápita: $37.883 (20th)
Population: 182.821.000 ( 6th)
GDP per cápita: $ 2.745 (134th)
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