The GSP allows vulnerable developing countries to pay fewer or no duties on exports to the EU, giving them vital access to the EU market and contributing to their growth.
"The GSP Plus scheme is granted on the basis of seven criteria, which are shared, and which are established by the WTO (World Trade Organisation). We have granted this scheme to Pakistan and now as I understand, we are in the process of reviewing it," he said.
He added that the GSP Plus is a trade facilitation scheme in accordance to a WTO criterion and the EU granted it to Pakistan many years ago.
It was later withdrawn but after a few years it was granted again, he said.
"GSP Plus scheme requires the fulfilment of a very clearly established criteria and conditions by the recipient country," he said.