Pakistan and the European Union (EU) have signed a landmark agreement on the allocation of Tariff Rate Quota (TRQ), a move aimed at ensuring continuity and legal clarity in bilateral trade arrangements following the UK’s departure from the EU. The agreement was signed during a ceremony held at the European Commission, marking a significant milestone in the Pakistan-EU relations.
Pakistan’s Ambassador to the EU, Rahim Hayat Qureshi, represented the country at the signing ceremony, while Deputy Director-General Agri, Pier Basco, led the EU delegation. The agreement reflects the strong spirit of cooperation, mutual trust, and technical engagement that underpins the Pakistan-EU relations.
The TRQ allocation deal will ensure that both countries maintain their commitment to a multilateral framework and uphold a strong, rules-based international trade system. The agreement also paves the way for further cooperation between Pakistan and the EU on various fronts, including joint efforts to promote trade and gender equality.
The EU remains Pakistan’s largest trading partner, with the EU’s GSP+ programme supporting sustainable economic development in the country. The TRQ allocation agreement will provide a clear framework for the technical administration of the deal, ensuring that both parties are held accountable for their commitments.
Key Highlights:
* Pakistan and the EU have signed a landmark agreement on the allocation of Tariff Rate Quota (TRQ)
* The agreement aims to ensure continuity and legal clarity in bilateral trade arrangements
* The deal reflects the strong spirit of cooperation, mutual trust, and technical engagement between Pakistan and the EU
* The EU remains Pakistan’s largest trading partner, with the EU’s GSP+ programme supporting sustainable economic development
* The TRQ allocation agreement will provide a clear framework for the technical administration of the deal.
