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.