Home / Knowledge / News / Apparel/Garments / Sri Lanka hopeful of regaining EU's GSP Plus: Minister
Sri Lanka hopeful of regaining EU's GSP Plus: Minister
Dec '15
Courtesy: Sri Lanka Ministry of Industry and Commerce
Courtesy: Sri Lanka Ministry of Industry and Commerce
The island nation of Sri Lanka is hopeful of regaining the European Union’s trade concession Generalised System of Preferences Plus (GSP Plus), minister of industry and commerce Rishad Bathiudeen has said.
Under the able economic diplomacy and leadership of Prime Minister Ranil Wickremesinghe, Sri Lanka’s world class apparel industry is becoming increasingly hopeful of regaining the GSP Plus facility, the minister said at the annual Ransalu textile expo held earlier this month in Colombo.
“Our government’s timely initiative to regain GSP Plus would likely cancel out any potential effects of TPP on our apparels and I am confident that our world class apparel sector would continue with its strong performance,” Bathiudeen added.
Apparel exports earned $4.9 billion for Sri Lanka last year, and the country has set a target of achieving $10 billion by 2025. “The government is also trying to position Sri Lanka among the top 10 high quality apparel manufacturing countries in the world by 2020,” according to the minister. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kerem Durdag
Biovation II LLC

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

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

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search