The European Union (EU) parliament approved on Friday the $1 billion trade concessions package for Pakistan but its implementation would remain suspended until it gets unanimous clearance from the World Trade Organisation (WTO).
According to a statement by the Commerce Ministry, the plenary of EU parliament had cleared the autonomous trade concessions for Pakistan. Terming the passage of the proposal by EU parliament a good omen for Pakistan, it said that EU remained hopeful of getting the waiver approved by WTO.
