Tuesday, May 16, 2017

GSP Plus Tariff Concession Regained By Sri Lanka Will Become Effective From 19th Of May

Image result for gsp plus sri lanka 2017The GSP Plus tariff concession regained by Sri Lanka from the European Union will become  effective from this Friday(19) European Union Ambassador to Sri Lanka and Maldives Tung Lai Margue  has been announced this morning(16).

Accordingly Sri Lankan Products including Garments will be able to export to the European  Union countries under 66% tariff concession.

No condition has applied when granting the once suspended GSP Plus concession to Sri Lanka again and only considered the progress made by Sri Lanka under the current regime in the fields of   human rights,Environment Security and Labour relations as well as the progress achieved when implementing 27 international conventions  relevant to good governance the  European Union Ambassador has stated .

Due to the regaining of  GSP Plus concession the production and the export sectors in the country are expect a record growth according to the government.

European Union has suspended the granting of GSP Plus concession to Sri Lanka during the previous regime.

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