Pakistan assesses EU-India trade deal as industry warns $9 billion exports at risk

KARACHI: Pakistan’s government is assessing the impact of a newly signed free trade agreement between India and the European Union, as industry leaders and economists warn the deal could sharply undermine Pakistan’s exports unless production costs, particularly energy tariffs, are urgently reduced. Officials at the commerce ministry and leading trade bodies held multiple meetings in Islamabad on Wednesday to evaluate how the EU-India agreement may affect Pakistan’s access to European markets, a key destination for the country’s textile and apparel exports.

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