Pakistan Seeks EU Consultations Over Impact of India–EU Trade Deal!

Following the recent trade agreement between India and the European Union, Pakistan has expressed concerns over its potential impact on Pakistani exports. Islamabad confirmed that it is holding consultations with European Union officials to assess possible consequences. Pakistan Foreign Office spokesperson Tahir Andrabi stated during a media briefing that the government is fully aware of the agreement and is closely monitoring its key provisions.

The European Union remains Pakistan’s largest export destination, and the new India–EU trade pact has triggered anxiety among Pakistani business circles over the possible loss of market share. Andrabi emphasized that Pakistan is committed to maintaining long-standing, friendly, and mutually beneficial ties with the EU. He highlighted that Pakistan was granted GSP+ status in 2014, which led to a 108% rise in textile exports to Europe and pushed bilateral trade close to €12 billion. However, the GSP+ status is set to expire in December next year, making ongoing discussions crucial.