EU regulations on Autonomous Trade Preferences for Pakistan

November 17, 2012 | By More

In February 2012, WTO allowed waiver to EU for granting Autonomous Trade Preferences Scheme to help Pakistani economy recover from the devastating flood in 2010. Subsequently, the EU parliament ratified the resolution in September 2012, spelling out the implementation date, procedures and TRQ administration methods in line with existing laws and regulations.

The Package envisages temporary suspension of import duties on 75 items for a period of; 2 months of calendar year 2012 and complete calendar year of 2013 and, extendable for one more year. However; it subjects 26 products to Tariff Rate Quota (TRQ).

The European Union (EU) granted duty free access to 75 items at the HS Code 8 digit level, of which 26 items are under quantity based Tariff Rate Quotas (TRQ) and 49 items are under a 25 per cent quantity increase cap based on average of last 3 years exports.

Attached document gives details about EU regulation on Autonomous Trade Preferences for Pakistan published in EU journal on 14th November 2012, and implemented from November 15, 2012.

Posted by Majid Shabbir
Moderator: Business Support Organization Forum
Secretary General Islamabad Chamber of Commerce & Industry

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Category: Trade & Economy

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