U.S. refuses to grant GSP status to Pakistan
ISLAMABAD: United States of America (USA) has denied to give Pakistan U.S. Generalized System of Preferences (GSP) status, which has been expired for a long.
United States' Consul General in Karachi, Michael Dodman said that it is not expected to grant GSP status to Pakistan currently although it can be considered later.
“US Consulate is focusing on the efforts for promotion of bilateral trade with Pakistan”, he added.
Michael Dodman emphasized on the exchange of trade delegations between the two countries to establish people-to-people contacts which is the most effective element for enhancing the bilateral and economic relations.
The volume of trade during 2012-13 is $ 4,905 million compared to $ 4,728 million last year. Pakistan exports to USA are $ 3887 million against $ 3938 million last year. The imports of Pakistan from USA during 2012-13 are $ 1018 as compared to $ 789 million last year. Since long, Pakistan is enjoying trade surplus of $ 2869 million.