exceptional-trade-preferences

MEPs relax Pakistan trade rules

The European Parliament agreed on 13 September, to grant Pakistan exceptional trade preferences for two years with customs duty exemptions or tariff-rate quotas on 75 different product lines, mainly textiles and clothing. The measure is intended to help the country rebuild its economy in the wake of the floods in 2010. But MEPs added a safeguard measure in the event of imports of any products increasing by 25% or more ... [+]