ISLAMABAD: The European Union (EU) on Friday welcomed the progress made by Pakistan in the implementation of the Financial Action Task Force (FATF) 26 out of 27 action plan points and its commitment to continue the engagement with the FATF to address all of the remaining issues, reported APP.
The EU also appreciated Pakistan’s efforts towards full implementation of the 27 international conventions stipulated under the EU’s unilateral trade preferences scheme, the Generalised Scheme of Preferences Plus (GSP+). The EU and Pakistan agreed to enhance bilateral trade, investment for improving the business climate.
A meeting of Pakistan-European Union Joint Commission was held here at EU Commission Office.
The meeting of was co-chaired by Managing Director for Asia and the Pacific in the European External Action Service Gunnar Wiegand and Secretary of Economic Affairs Division Noor Ahmed, the European ambassador to Pakistan, Pakistan’s ambassador to the EU among other officials.
The Joint Commission aimed to provide an opportunity to deliberate and exchange views on all existing areas of cooperation between the EU and Pakistan.
During the meeting, they discussed the long-term socio-economic impact of the COVID-19 pandemic and ongoing vaccination cooperation between the EU and Pakistan for wiping out the pandemic, besides appreciating Pakistan’s efforts for sustainable economic recovery after pandemic.
They also exchanged views on climate change, where the EU informed Pakistan about the European Green Deal, connectivity, and digitisation.
From Pakistan’s side, the delegation briefed about various ongoing climate projects, including eco-system restoration, green stimulus, and national electric vehicle policy. They also discussed cooperation in the fields of education, culture, science, and technology.