ISLAMABAD - Germany fully supports Pakistan for getting GSP Plus status by the European Union and intends to invest in Pakistan.

Ambassador of Germany in Pakistan Dr Cyrill Nunn gave this assurance to Senior Commerce Minister Makhdoom Amin Fahim in a meeting.

The ambassador remarked that Germany is desirous and committed to further enhancing trade relations and many German companies are keen to invest in Pakistan especially in energy and power sector. “Besides huge economic benefits of GSP Plus status to Pakistan, this scheme will also favorable for Germany in political terms as after implementation of GSP Plus, Pakistan will strictly comply all human rights matters in return,” added by ambassador.

Senior Commerce Minister thanked Germany for playing its positive role in GSP Plus status to Pakistan and for support in getting enhanced market access for Pakistani products in EU. The meeting was informed that Germany and Pakistan are working on strengthening bilateral trade relations besides Pakistan specific trade relations with EU.

In this context, Agriculture Minister of Germany is going to visit Pakistan after two months talk on agricultural trade products with Pakistan, the Ambassador informed. In the same way, Minister for Foreign Affairs of Pakistan Hina Rabbani Khar is planning to visit Germany next month.

The meeting also discussed fisheries exports to EU. Senior Commerce Minister informed ambassador that our fisheries establishments are now meeting international standards and we hope to get early resumption of fisheries exports to EU and Germany may assist Pakistan in this matter.

It is worth mentioning here that Germany is Pakistan’s largest trading partner within the European Union accounting for 20% of Pakistan’s total exports to the EU and 21% of Pakistan’s total imports from the EU.

Pakistan’s exports to Germany have increased form $579.8 million in 2002-03 to $1.27 billion in 2010-11 and imports form Germany have increased form $562.5 million in 2002-03 to $938.48 million in 2010-11.