Friday 13 March 2015

Lanka to gain GSP Plus

Indunil Hewage indunil.hewage@gmail.com

The prospects of Lanka gaining back the EU's GSP plus preferential trade concessions are brighter,Industry and Commerce Minister Rishard Bathiudeen said.

The Minister made this remark addressing the inaugural ceremony of sixth TEXTECH Sri Lanka 2015 International Expo’ – An International Exhibition on Textile Apparel Technology and Machinery for Sri Lanka at the Sri Lanka Exhibition and Convention Centre (SLECC) in Colombo. The loss of the GSP plus concession from the European Union greatly affected the Sri Lankan apparel sector; realizing this, the present government under the 100 - day program has promised to negotiate this facility again. The Minister noted that the various EU committees have already assured their support to help regain the GSP plus facility.

The Sri Lankan apparels sector is set to reach the US $ 5 billon exports mark in the near future. The apparel exports in 2014 totalled US $ 4.9 billion, an increase of 9.2 % from 2013 annual exports of US $ 4.4 billion.

“Promotional and networking events of our apparel industry are therefore now more important than ever since it establishes our brand identity. The event is taking place at an interesting time as per our global apparel status and this is clearly a key step in the right direction to advance our global apparel status. This event will bring world’s leading manufacturers of the apparel supply chain including Yarn, Dye and Fabric under one roof,”Bathiudeen said.

The three-day event from 12th to 14th March 2015 , organized by CEMS Global will be one comprehensive exhibition under one roof focused to the entire Textile and Apparel Industry of Sri Lanka and a perfect One-Stop Buyer-Seller meet for all the requirements of the Industry. On the same dates, Concurrent Exhibitions will also be held, namely, 20th Dye+Chem Sri Lanka 2015 International Expo – An International Exhibition on Dyes and Fine and Specialty Chemicals, and, 6th Colombo International Yarn and Fabric Show 2015.
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