Pakistan gets trade waiver for European Union markets
Pakistan's efforts to revive its export sector have received a big boost after some of its goods were given duty free access to the European Union (EU).
The World Trade Organization (WTO) has approved the EU's move to waive duties on 75 Pakistani products, including textiles, for two years.
The waiver was granted on humanitarian grounds after Pakistan's manufacturing was hurt by floods in the country.
The EU is one of Pakistan's biggest trading partners.
http://www.bbc.co.uk/news/business-16848556
The EU is eliminating tariffs on about 25% of Pakistan's exports to Europe for a 2 year period to help it recover from last year's floods. Sounds like most of the opposition to this came from other countries that export to the EU (Bangladesh, Indonesia and India) rather from within the EU itself.
