The United Kingdom has agreed, in principle, to continue the tax incentives that Pakistan had enjoyed when the UK was still part of the European Union.
Kamal Shahryar, adviser of Trade Development Authority of Pakistan, generalised scheme of preferences plus said the negotiation between Pakistan and UK is continuing for getting the similar facility, which Pakistan is enjoying under EU GSP plus, according to local media reports.
“UK has not shared conditions of new trade agreement but in principle agreed for similar level of facilities,” Mr. Shahryar said during a webinar.
The UK has now started to revise its MFN tariffs with all nations, and Pakistan is expecting to be able to continue with the duty-free access it was granted as part of the GSP+ with the EU prior to Brexit.
