All Pakistan Bedsheets & Upholstry Manufacturers Association (APBUMA) and Trade Development Authority of Pakistan (TDAP) will organise an awareness seminar on July 25 in Multan to familiarise local exporters with recently introduced Registered Exporter System (REX) in order to facilitate the Pak exports to EU countries under GSP Plus scheme, said Khawaja Muhammad Younas, Chairman of APBUMA.He explained the GSP Plus status given to Pakistan in 2014 and said its basic objectives were to dilute the damages caused to Pak economy due to war on terror.

He said that during the first year of that facility, exports recorded a phenomenal growth of 23 percent but after that the exports experienced a steep decline. He said the government had taken a number of steps including uninterrupted electric supply to the industrial sector and declaring five important export sectors zero-rated from July 2016 to mitigate its problems but still the exports were not stable. He appreciated the recently introduced REX scheme and said it would further facilitate Pak exporters to make their exports to the EU countries without any hassle and unnecessary procedural bottlenecks. He said it was actually a self certification system and many European countries were already following it to streamline the exports from Pakistan under GSP Plus to the EU countries.

Copyright Business Recorder, 2017