Tag: Eu

Russia, Poland sign gas deal, eyes on EU stance

WARSAW: Poland and Russia signed a new natural gas deal on Friday, after the EU rejected a previous one, that increases Russian deliveries to Poland's gas company by some 2.5 billion cubic metres to 10 bcm a year until 2022.
Poland would be short of some 2.5 bcm of gas annually without the deal, which was clinched after more than a year of talks and must still be approved by the European Commission.
The European Union executive had forced Warsaw to renegotiate after saying

British secretary arrives to discuss EU terror plot

British Home Secretary Theresa May arrived in Pakistan on Sunday on a three-day visit to share vital information about the "Europe terror plot", allegedly planned in North Waziristan.
She will share the intelligence information with Pakistani authorities and urge them to take stronger action against the Al Qaeda and the Taliban in the Tribal Areas.
May arrived in Lahore on the first leg of her visit, and Punjab Governor Salmaan Taseer received her upon her

President lauds EU initiative to grant trade concessions

ISLAMABAD: President Asif Ali Zardari has said that the government is vigorously pursuing the recent progress made in a meeting of the EU foreign ministers, which granted market access to Pakistani goods into the European trade markets.
The President was hopeful that such steps would boost Pakistan's economy and address unemployment. According to the Presidency Spokesman, he said this while he was talking to the Chairman of All Pakistan Textile Mills Association (APTMA) Ejaz

EU parliament endorses 5-month maternity leave

STRASBOURG: European lawmakers voting amid a sea of pink and blue baby balloons, gave their blessing to hotly contested plans for all new mothers across Europe to have five months of maternity leave.
Some governments have warned the 20-week fully paid leave will add a huge burden to hard-pressed taxpayers, while business leaders say it may work against giving jobs to women in the long term.
In a first reading of the proposal, a large majority of MEPs voted in favour of

EU trade package clears another hurdle

LONDON: The European Commission has put forward a package covering 75 products worth up to 176 million pounds over two years to help Pakistan recover from the flood disaster and bolster political stability.
This emerged from the briefing Monday by David Martin, Scotland's most senior member of the European Parliament (MEP), to Glasgow Central MP Anas Sarwar about the latest moves in the European Union (EU) proposal to grant Pakistan privileged access to EU markets.

Fresh strategy being developed to target EU markets

ISLAMABAD: The Ministry of Commerce has convened a meeting of important industrialists on Thursday to formulate a strategy on how to derive the greatest benefit from the European Union's (EU) waiver of approximately $ 900 million of tarrifs in 75 Pakistan product categories.
The Minister for Commerce, Makhdoom Amin Fahim, will chair the meeting on Thursday in Karachi. Meanwhile, Secretary Commerce Zafar Mehmood and newly appointed Chief Executive of Trade Development Authority

EU declines concessions for home textiles sector

The European Union (EU) has refused to give concessions to the country's best performing home textiles sector and it will be excluded from the list of 75 Pakistani products granted the favour, official sources said on Friday.
The government has strongly advocated the inclusion of the home textile sector in the concessions package, but to no avail.
The trade concessions announced by EU are likely to take effect from January 1, 2011. These unilateral concessions are expected

Commerce Minister to consult stakeholders on EU trade concessions

The government has convened a meeting of stakeholders to evaluate the implications of the trade concessions offered by the European Union (EU). The meeting will be held in Karachi on October 14.
The Commerce Minister, Makhdoom Amin Fahim will consult stakeholders and officials of Trade Development Authority (TDA) of Pakistan and analyse the offered package. The Ministry of Commerce will also share its analysis on trade concessions with the stakeholders.
The meeting will