GSP plus Coming in February or March 2017 – Govt

Sri Lanka lost the EU GSP plus when the former government was in office for failing to meet several conditions related to human rights.

The new government, which took office last year, gave a commitment to meet the expectations from the EU and implemented some legal amendments in order to be in line to regain GSP.

State Minister of International Trade,  Sujeewa Senasinghe said  Parliament  yesterday(5)  that the application for the trade concession has already been submitted  to the EU.  Once Sri Lanka obtains GSP plus  again from the EU, Sri Lanka’s apparel sector is expected to see a massive improvement, he said.

He said Sri Lanka is working with several countries as it looks to boost its economy and develop the country.

The Government expects to obtain the GSP plus trade concession by February or March next year.