Ahsan Iqbal Suggests Linking GSP with 5Es for Export Growth
Minister Orders Site Identification and Concept Paper for Model SEZs
Introduction
ISLAMABAD: Minister for Planning, Development, and Special Initiatives Professor Ahsan Iqbal has proposed an ambitious multi-pronged strategy to align the Generalized System of Preferences Plus (GSP Plus) program with the 5Es framework. This initiative aims to achieve export-led economic growth and secure a prosperous future for Pakistan. During a conference titled “Promoting Good Governance through Trade – Leveraging through GSP+,” organized by the Fredrick Naumann Foundation, the minister underscored the importance of this alignment for sustainable development and good governance.
The GSP Plus Program: A Roadmap for Sustainable Development
“The GSP Plus program represents more than just trade preferences. It is a roadmap for sustainable development and good governance. By aligning it with the 5Es framework, we can unlock the true potential of export-led growth, empower our citizens, and secure a prosperous future,” said Ahsan Iqbal. He emphasized that this alignment would help Pakistan seize opportunities to strengthen governance, build resilience, and position itself as a globally competitive economy.
Addressing Challenges and Strengthening Governance
Ahsan Iqbal highlighted the need to address ongoing challenges, such as weak enforcement of laws, low diversification of exports, and environmental vulnerabilities. He stressed the importance of these areas to maximize the benefits of the GSP Plus program and align with the 5Es framework, which includes exports, e-Pakistan, environment and climate change, energy and infrastructure, and equity and empowerment.
Establishing Export Diversification Centers
To support this strategy, the minister suggested establishing export diversification centers that provide incentives for green technologies and high-value products. These centers would play a crucial role in enhancing Pakistan’s export profile and ensuring sustainable economic growth.
National Compliance Task Force
Ahsan Iqbal also proposed the creation of a national compliance task force to oversee the implementation of the GSP Plus program and address gaps in governance on a permanent and quarterly basis. This task force would ensure that the program’s objectives are met and that Pakistan remains compliant with international standards.
Development of Model Special Economic Zones (SEZs)
In a parallel initiative, Ahsan Iqbal directed relevant officials to identify suitable sites for the establishment of Model Special Economic Zones (SEZs) and to prepare a comprehensive concept paper for this purpose. This directive came during a meeting on Model SEZs and the policy framework for the relocation of Chinese industries to Pakistan, following a detailed briefing by officials from the Board of Investment.
Enhancing Cooperation with China
The minister emphasized the need to enhance government-to-government (G2G) cooperation with China. He outlined that Pakistan would provide land to Chinese industries, while these industries would manage the infrastructure and market the zones. This cooperation is expected to foster industrial growth and create job opportunities in Pakistan.
Ensuring Investor-Friendly Environments
Ahsan Iqbal highlighted the importance of creating investor-friendly environments within the industrial zones. He proposed a one-window facility to ensure that investors do not face any difficulties. Additionally, he assured that no negligence would be tolerated in the construction of the zones or the provision of facilities.
Regular Meetings with Chinese Companies
To maintain smooth operations and address any arising issues, the planning minister announced that regular meetings with Chinese companies would be held every month. This approach aims to promptly address problems and ensure continuous progress.
Security of Chinese Citizens
Ahsan Iqbal also prioritized the security of Chinese citizens working in Pakistan. He vowed that the government would take all necessary measures to protect Chinese nationals and ensure that Pakistan-China relations remain strong. “Enemies of Pakistan and development will not be allowed to cause any dent in Pakistan-China relations,” he asserted.
Conclusion
The initiatives proposed by Ahsan Iqbal reflect a comprehensive approach to leveraging the GSP Plus program and enhancing economic cooperation with China. By aligning the GSP Plus program with the 5Es framework and developing Model SEZs, Pakistan aims to achieve sustainable economic growth, strengthen governance, and position itself as a competitive player in the global market.
FAQs
1. What is the GSP Plus program? The GSP Plus program is a trade arrangement that provides developing countries with preferential access to the European Union market by eliminating tariffs on various products. It aims to promote sustainable development and good governance.
2. What are the 5Es framework? The 5Es framework refers to five key areas: exports, e-Pakistan, environment and climate change, energy and infrastructure, and equity and empowerment. It serves as a strategic approach to achieving economic growth and development.
3. How will the establishment of export diversification centers benefit Pakistan? Export diversification centers will provide incentives for green technologies and high-value products, enhancing Pakistan’s export profile and supporting sustainable economic growth.
4. What is the role of the national compliance task force? The national compliance task force will oversee the implementation of the GSP Plus program, address gaps in governance, and ensure compliance with international standards on a permanent and quarterly basis.
5. How will the cooperation with China benefit Pakistan’s economy? Enhanced cooperation with China will facilitate the establishment of Model SEZs, attract investment, create job opportunities, and foster industrial growth in Pakistan.
