Monday 5 October 2015

Sri Lanka to apply for GSP Plus by year-end: Harsha

ECONOMYNEXT – Sri Lanka’s govenrment will apply before the end of the year to have the GSP Plus trade concession to the European Union restored, Deputy Minister of Foreign Affairs Harsha De Silva said.

“Before the end of the year we will make formal application and regain GSP Plus by the middle of 2016,” he told a forum at the Ceylon Chamber of Commerce on economic diplomacy and winning global markets.

The UN Human Rights Council resolution on Sri Lanka adopted unanimously last week for a foreign-supervised investigation into alleged war crimes in the island has helped repair strained foreign relations, he said.

The govenrment will be able to get GSP Plus incentive, giving duty free access to EU markets, for the benefit of exporters, De Silva said.

“There’s no point in promoting exports if the government does not have its policies right,” De Silva said.

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