The present government reapplied for GSP Plus in June 2016 and the process is likely to take at least a year before the European Union decides on the matter.
Smelling opportunity in Britain's decision to quit the European Union (EU), Sri Lanka's apparel exporters say Brexit might result in a level playing field as other exporting countries which currently enjoy duty-free access to the United Kingdom (UK) under GSP will also lose the facility when London walks out of the 28-nation bloc. “There is also an...#
Colombo's success in regaining GSP Plus largely hinges on the progress on an exhaustive list of 58 conditions, largely related to human rights – a claim flatly rejected by the Deputy Minister of Foreign Affairs, Dr. Harsha de Silva.
In July, The EU renewed its calls for progress in Sri Lanka's commitments to human rights to qualify for the GSP Plus facility. (SH)
ALCHEMPro News Desk – India
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