Sri Lanka exports, especially apparel, face uncertainty as EU GSP+ review looms

Sri Lanka exports, especially apparel, face uncertainty as EU GSP+ review looms

ECONOMYNEXT – Sri Lanka’s apparel industry could be affected further if the European Union’s Generalised Scheme of Preferences Plus (GSP+) is not extended, an economist has said ahead of a review due this month. “The EU is one of Sri Lanka’s largest export destinations, especially for apparels. If GSP+ is removed for SL then it will be another blow for the apparel sector which is already affected by the new US trade policy,” Economist and direct…

EU to Assess Sri Lanka’s GSP+ Compliance amid Retention Concerns - LNW Lanka News Web

By: Staff Writer April 14, Colombo (LNW): A team from the European Union is set to visit Sri Lanka in late April to assess the country’s compliance with the Generalized Scheme of Preferences Plus (GSP+) trade concession. This evaluation will involve discussions between the EU team and Sri Lankan government representatives, as well as local officials, regarding the terms and conditions tied to the GSP+ facility. Leader of the Opposition, Sajith P…