Home / Knowledge / News / Apparel/Garments / Dip in Sri Lankan apparel exports raise concerns
Dip in Sri Lankan apparel exports raise concerns
Jul '12
Concerns are being raised over fall in Sri Lanka’s apparel exports, particularly to the European Union (EU). 
Harsha de Silva, a legislator representing Sri Lanka’s main opposition, said withdrawal of tariff preferences by the EU due to poor governance of Sri Lanka is expected to lead to a further fall in country’s apparel exports to the EU.
During May this year, Sri Lanka’s apparel exports dipped by 13.5 percent to US$ 278.2 million, while first four months exports fell by 4.9 percent to US$ 1.6 billion.
Mr. Silva, who is also a development economist with a PhD from the University of Missouri, said grappling against economic woes in the region, the country is now feeling the heat of withdrawal of the Generalized System of Preferences plus (GSP+) by the EU.
GSP+ status is granted to the countries allowing broader rights and freedoms to their citizens as per the International Covenant on Civil and Political Rights.
The legislator said the country’s monthly apparel exports that stood at US$ 367 million in January this year, dipped to US$ 278 million by May, 2012.
He said the overflow of orders from China during early last year led to an overbooked situation, which eclipsed the effects of withdrawal of the GSP+ facility. However, the conditions are no more the same, and the impact is much more intense even than the demand slump in the EU, he added.
The real impact of loss of the GSP+ is now becoming apparent, as the country is losing out on apparel export orders to the countries that are still enjoying the duty concessions with their good governance, and hence have a better competitive edge.
As such, it would be wise to give a second-thought and make efforts to regain the GSP+ facility, he added.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search