SRI LANKA NEGOTIATES WITH EU FOR GSP PLUS
March 8th, 2015
The new Sri Lankan government has started negotiations with the European Union (EU) in a bid to re-secure membership of Europe’s Generalised Scheme of Preferences (GSP +) scheme. If successful, the move would see EU tariffs fall for Sri Lankan clothing and textile exports. The application follows the election of a new government on January 8, replacing the administration of President Mahinda Rajapaksa, which had been criticised for authoritarianism. These concerns lost Sri Lanka EU GSP+ status in 2010 – it is tied to good governance and human rights ...
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