Prime Minister Ranil Wickremesinghe has issued a special statement pertaining to Sri Lanka once again receiving the Generalised Scheme of Preferences or GSP+ facility.
The Prime Minister in the statement says the recovery of the GSP+ facility is a result of the present government’s efforts and dedication over the last two years to establish and protect democracy and ensure the rights of the people.
The Premier stated the return of the GSP+ facility is not only a victory for the government but for all Sri Lankans alike.
The statement highlights that due to this opportunity local production including textiles will receive the opportunity to tap into European markets once again.
Prime Minister Wickremesinghe added the move will also generate new job opportunities and will create income generating avenues.
Premier Wickremesinghe in the statement took the opportunity to express his gratitude to the many groups who played a pivotal role in Sri Lanka regaining the GSP+ facility.
The European Commission today proposed that the remaining import duties on Sri Lankan products should be removed by the European Union in order for Sri Lanka’s commitment to ratify and effectively implement 27 international conventions on human rights, labour conditions, protection of the environment and good governance.
Issuing a communiqué the European Commission said the one-way trade preferences would consist of the full removal of duties on 66% of tariff lines, covering a wide array of products including textiles and fisheries.