Pakistan gets highest benefit from GSP+ scheme, EU report says

Why This Matters

This development underscores the significance of trade agreements in fostering economic growth and development, particularly for countries like Pakistan that rely heavily on international trade. The EU's GSP+ scheme has provided a crucial lifeline for Pakistan's economy, offering preferential market access and stimulating exports. As a result, Pakistan's success in leveraging the GSP+ scheme serves as a model for other developing countries seeking to boost their economic prospects.