Home / Knowledge / News / Apparel/Garments / Garment workers fearful over loss of GSP+
Garment workers fearful over loss of GSP+
Aug '10
Garment workers of Sri Lanka fear losing their jobs as garment factory owners are finding ways to reduce costs on account of loss of GSP Plus benefits from European Union along with which they also expect lose of market share.

15 Asian countries avail GSP Plus benefits while trading with EU countries. Suspension of such a benefit is likely to hit Sri Lankan garment industry the hardest, as garment exports account for over 50 percent of country's total exports to EU countries.

Several garment factories of the country have already been affected by the GSP loss where the workers have been receiving meager wages since long and are fighting for salary revision and overtime payments.

Sri Lanka availed a 10 percent tax concession alone from the GSP+ Scheme. According to the experts, the country will witness revenue loss of 15 to 20 percent as garments account for 65 percent of country's total exports to EU.

Trade union leaders blamed government and factory owners for not putting enough efforts to resolve the crisis caused due to the loss of GSP+ concessions. Sri Lanka has lost its competitive stand in the market on account of the withdrawal of the GSP facility, say experts.

The government had been asked by the unions to take effective steps to continue GSP Plus benefits, but the government had failed to do so, he added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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