GSP Plus Beneficiary Sectors
Identify the most benefited sector of Pakistan because of the GPS Plus (Duty Free Access to European Union)?
جی پی ایس پلس (یورپی یونین تک ڈیوٹی فری رسائی) کی وجہ سے پاکستان کے سب سے زیادہ فائدہ مند شعبے کی نشاندہی کریں؟
Answer: Textile and Garments
Explanation
The main sectors that benefitted from the GSP+ have been textile and garments.
This besides earning foreign exchange for the country.
It provided employment opportunities, especially to women.
The European Union (EU) has granted Pakistan the status of GSP (Generalized System of Preferences) Plus.
It allows Pakistan to export certain products to the EU market at preferential tariff rates.
This status is granted to developing countries that meet certain criteria.
It aims to promote economic development and reduce poverty.
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