SRI LANKA’S APPAREL SECTOR UPBEAT FOLLOWING GSP+ TRADE CONCESSION FROM EU
July 1st, 2017
EXECUTIVES within Sri Lanka’s apparel sector predict its exporters can generate an additional USD400 to USD500 million in annual sales because of the country regaining the Generalised Scheme of Preferences Plus (GSP+) trade concession with the European Union (EU).
This happened on May 19, (2017), almost seven years since Sri Lanka lost this trade access status (in August 2010) because of human rights violations during the previous government of ex-President Mahinda Rajapaksa. The EU readmitted Sri Lanka to its GSP+ zone saying that the current government, ...
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