European Commission Proposes GSP+ Concessions To Sri Lanka

European Commission Proposes GSP+ Concessions To Sri Lanka
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The European Commission today proposed that the remaining import duties on Sri Lankan products should be removed by the European Union in order for Sri Lanka’s commitment to ratify and effectively implement 27 international conventions on human rights, labour conditions, protection of the environment and good governance.

 

It stated that these one-way trade preferences would consist of the full removal of duties on 66% of tariff lines, covering a wide array of products including textiles and fisheries.

Sri Lankan Prime Minister Ranil Wickremesinghe has also issued a special statement pertaining to Sri Lanka once again receiving the Generalized Scheme of Preferences or GSP+ facility.

In his statement, he says the recovery of the GSP+ facility is a result of the present government’s efforts and dedication over the last two years to establish and protect democracy and ensure the rights of the people.

The Premier stated the return of the GSP+ facility is not only a victory for the government but for all Sri Lankans alike.

 

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