The European Union has agreed to make trade concessions to Pakistan to help it overcome the impact of flooding, diplomats say. They say the deal could allow Pakistan significant reductions in duties paid on textile exports to EU countries.
Any move to grant Pakistan a waiver on textile duties would also require the consent of the World Trade Organisation (WTO) to ensure trade rules are not violated. The details will be determined in the coming weeks, with the European Commission working with the WTO to finalise how the concessions can be be implemented.
Meanwhile, some of the estimated 10 million Pakistanis displaced from their homes by the massive July monsoon floods have begun tentative salvage operations.
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