SRI LANKA UPBEAT ON REGAINING GSP PLUS CONCESSION

Sri Lanka’s government remains positive about the possibility of regaining its Generalised Scheme of Preferences Plus (GSP+) concession status from the European Union (EU), which would probably boost the country’s knitwear exports. This privileged trade access status might help the country’s clothing industry overall achieve an ambitious target of earning USD8.5 billion from exports by 2020. The knitwear segment is well placed to benefit. In 2013, with GSP+ not available, Sri Lanka nonetheless recorded an USD4.26 billion in apparel export sales, registering ...


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