Key Takeaways
- Pakistan has successfully completed its fifth review under the EU’s GSP+ status.
- Preparations are underway for Pakistan’s formal reapplication by December 31, 2028.
- The review is seen as key to Pakistan’s bilateral relationship with the European Union.
Pakistan has successfully completed its fifth review under the European Union’s Generalized Scheme of Preferences Plus (GSP+) status, according to Federal Commerce Secretary Jawad Paul.
Speaking at the launch of the Sweden Pakistan Business Guide 2026 to 2028 in Islamabad, Paul highlighted the importance of GSP+ as a key part of Pakistan’s relationship with the EU.
The review process is crucial for Pakistan to transition into the EU’s new regulatory framework, with compliance with international obligations seen as essential.
Swedish Ambassador Alex Berg von Linde emphasized the importance of updating the bilateral investment treaty between Sweden and Pakistan and maximizing the benefits of the EU’s GSP+ scheme.
Discussions are underway to renegotiate and modernize the existing treaty, aiming to enhance economic engagement between the two countries.
GSP+ continues to support trade, market access, and economic growth between Pakistan, Sweden, and the broader European Union, according to the ambassador.
There is significant potential to expand trade and economic ties, but Pakistan will need to continue working on its international commitments, particularly ahead of the upcoming GSP+ reapplication process.
The Sweden Pakistan Business Guide 2026 to 2028 provides detailed information on business ties and opportunities for future trade, investment, and partnerships.
The guide covers areas of cooperation such as sustainable textiles, information and communications technology, digitalization, and responsible mining.
More than 40 Swedish companies are currently active in Pakistan, with several having operated in the country for decades, according to the Swedish ambassador.
The publication also promotes the concept of ‘Made with Sweden in Pakistan,’ highlighting cooperation between Swedish companies and Pakistani partners.
