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Pakistan defeated GSP purpose, benefits under serious threat

Islamabad [Pakistan], April 29 (ANI): The immense benefits that Pakistan gets from EU-granted Generalised Scheme of Preferences Plus (GSP) status is in jeopardy as it failed to comply with standards set by the block, reported Geo-politik.
The GSP status was accorded to Pakistan in 2014, allowing duty-free access to most of its goods in the bloc. Pakistan exporters immensely benefited with about two-thirds of tariff lines