Home / Knowledge / News / Apparel/Garments / Impact of losing GSP+ now visible on clothing exports
Impact of losing GSP+ now visible on clothing exports
Sep '10
It's hardly a month since the removal of the GSP plus facility extended by the European Union, but in the period, Sri Lanka has lost confirmed export orders worth over US $250,000.

The trade concession facility which entitled the country to export over 2,000 products to EU without any duties, ended on August 15. Subsequent to withdrawal of the facility, the exporters now are required to pay duty at the rate of 9.6 percent on all their exports to EU.

Further to that, after withdrawal of the facility, many of the industries including garments, ceramics, etc. are now nearing closure with no export orders coming in, and this has stirred up the issue of unemployment.

However, experts aver that, it could have been possible to avoid this crisis, if the government had initiated proper steps and had strategized a plan to aid the ailing private sector. Also the resultant effects flowing in the form of job losses, too could have been averted.

Earlier, with the signing of the GSP plus trade agreement, garment exports to the EU countries grew by over 60 percent, which constituted 40 percent of country's overall exports.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: AAFA

Fashion | On 28th Apr 2017

Andrew Rosen, Stuart Vevers among AAFA awardees

Andrew Rosen, founder and CEO of Theory, Stuart Vevers of Coach, Nick ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
April 2017

April 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