EU representatives to assess Sri Lanka’s GSP+ eligibility
A special representative group from the European Union (EU) has arrived in the country to assess Sri Lanka eligibility for the reinstatement of the Generalised Scheme of Preferences Plus (GSP+).
The representatives will be focusing on factors such as the economic stability of the country and human and labor rights in the country – to name a few.
The report of the European Commission’s technical team which examined Sri Lanka’s application for the restoration of General System of Preferences Plus (GSP+) duty concessions had concluded that the island nation now meets the eligibility criteria as set out in Art 9 (1) of the GSP regulations.
Subsequent to the submission of the report, the European Commission recommended to the European Union parliament that GSP+ be granted to Sri Lanka.
A special discussion regarding the granting of “GSP Plus” will be held on the 19th of April in Brussels, Belgium.
(Ada Derana)
Latest Headlines in Sri Lanka
- Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport April 26, 2024
- Sri Lanka’s state revenue surges to record Rs. 834 Billion in first quarter 2024 April 26, 2024
- Army soldier killed, 9 injured in Mankulam cab-lorry collision April 26, 2024
- Electricity trade unions to take legal action against Sri Lanka Electricity Bill April 26, 2024
- Gotabaya Rajapaksa refutes Cardinal Ranjith’s allegations on Easter Sunday Attacks April 25, 2024