• #163, Kirulapone Avenue, Colombo 05, Sri Lanka
  • +94 112 51 5759

sintami

EC proposes to restore GSP+ trade concessions to SL

GSPThe European Commission has proposed GSP+ concessions to Sri Lanka in exchange of the government's commitment to ratify 27 international conventions on human rights, labour conditions, protection of the environment and good governance.

 In a statement today the European Commission said, ‘The European Commission today proposed that a significant part of the remaining import duties on Sri Lankan products should be removed by the European Union in exchange for country’s commitment to ratify and effectively implement 27 international conventions on human rights, labour conditions, protection of the environment and good governance.’

‘These 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,’ the statement further said.

It quoted Trade Commissioner Cecelia Malmström as saying – ‘GSP+ preferences can make a significant contribution to Sri Lanka’s economic development by increasing exports to the EU market. But this also reflects the way in which we want to support Sri Lanka in implementing human rights, rule of law and good governance reforms. I am confident of seeing timely and substantial further progress in these areas and the GSP+ dialogue and monitoring features will support this reform process. This should include making Sri Lankan counter-terrorism legislation fully compatible with international human rights conventions.’

It also added that ‘Granting access to the GSP+ scheme does not mean that the situation of the beneficiary country with respect to the 27 international conventions is fully satisfactory. Instead, it offers the incentive of increased trade access in return for further progress towards the full implementations of those conventions, and provides a platform for engagement with beneficiaries on all problematic areas.’


‘As is the case with all GSP+ countries, the removal of customs duties for Sri Lanka would be accompanied with the rigorous monitoring on the country’s progress in the area of sustainable development, human rights and good governance.’ (CDN)

LATEST POSTS

Four persons apprehended with 3.4 kg of Kerala Cannabis

25 February 2017
 Four persons apprehended with 3.4 kg of Kerala Cannabis

On receipt of intelligence information, a group of naval personnel...

Helmets for motorcycle pillion riders made compulsory

25 February 2017
  Helmets for motorcycle pillion riders made compulsory

A Gazette notification was issued on Thursday which stipulates that...

American Congress delegation applauds unity government’s achievements

25 February 2017
American Congress delegation applauds unity government’s achievements

A delegation of the United States Congress called on President...

Prime expectation of religions is to promote spiritually & moral culture – President

24 February 2017
Prime expectation of religions is to promote spiritually & moral culture – President

“The prime expectation and the noble vision of all the...

Maha Siva Rathri Day deeply symbolizes co-existence and harmony – PM

24 February 2017
Maha Siva Rathri Day deeply symbolizes co-existence and harmony – PM

The Hindus believe that Maha Siva Rathri is the favored...

Hindus celebrate Maha Shivaratri today

24 February 2017
Hindus celebrate Maha Shivaratri today

Hindus around the world will celebrate Maha Shivaratri today, February...

Navy arrests 12 monofilament nets

23 February 2017
Navy arrests 12 monofilament nets

Naval personnel attached to SLNS Kashyapa located at Vakarai in...

President meets SLFP electoral organizers

23 February 2017
President meets SLFP electoral organizers

A meeting between President Maithripala Sirisena and the Sri Lanka...

President instructs IGP to work with university authorities to prevent ragging

23 February 2017
President instructs IGP to work with university authorities to prevent ragging

President Maithripala Sirisena says he has given instructions to the...

Census of Public and Semi Government Sector Employment - Preliminary Report issued

22 February 2017
Census of Public and Semi Government Sector Employment - Preliminary Report issued

Department of Census and Statistics, on 17 November 2016 conducted...

The department assists media in a macro level in welfare, training, policy planning and accreditation, and providing easy access to Government news and information.