The effect will be EUR 100 million of additional exports to the European market by Pakistan, but the overall balance for the European Union will only be EUR 50 million because, as a result of the more favourable position of Pakistan to export on the European market, there will also be a certain amount of trade diversion, which means that other importers will lose some opportunities on the European markets. So, the overall impact will be about EUR 50 million on a yearly basis.
La mesure induira 100 millions d’euros d’exportations supplémentaires vers le marché européen par le Pakistan, mais le bilan global pour l’Union européenne ne sera que de 50 millions d’euros, car, en raison de la position plus favorable du Pakistan sur le marché européen, il y aura un certain volume de détournement des courants commerciaux [http ...]