Wednesday, January 11, 2017

European Union To Grant Suspended GSP Plus Facilty To Sri Lanka

European Union has decided to grant the suspended
GSP Plus concession to Sri Lanka as the local government adapted 27 international conventions successfully including good governance,human rights and labor policies the EU has today(11)  announced.

Under the GSP Plus facility Sri Lanka will be received 66% tax concession for local products including ready made garments exported to Europe.

After granting GSP Plus European Union is due to monitor Sri Lanka's initiative for a period of four months it has been reported.


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