What is GSP Plus status and how does it benefit EU importers buying from Pakistan?

GSP+ (Generalized System of Preferences Plus) gives Pakistan preferential tariff access to EU markets. Benefits include: 1) Duty-free entry for approximately 66% of all EU tariff lines, 2) Reduced duties on textiles (normally 12% duty becomes 0%), 3) Zero duties on leather goods, sports equipment, and surgical instruments, 4) Significant cost savings—EU importers can save 10-18% on landed costs compared to non-GSP countries like China. To claim GSP+, the Pakistani supplier must provide a Form A certificate of origin, and the product must meet rules of origin requirements (typically 40-55% local content). This makes Pakistan highly competitive for EU-bound exports.