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Sri Lankan apparel exporters optimistic about GSP+ extension
20 Jul '21
1 min read
Pic: Shutterstock
Sri Lanka’s Joint Apparel Association Forum (JAAF) is optimistic about the possibility of securing an industry-critical extension of the European Union’s generalised scheme of preferences plus (EU GSP+) programme following its third round of discussions with the ministry of regional cooperation on July 16 on reforms and strategy to secure the facility again.
“We were pleased to learn that the foreign ministry will continue to engage with the EU both on the Joint Commission and the Monitoring Mechanism of the EU GSP plus regime, while a sincere and committed effort is also being made to directly address all of their concerns. Based on the progress we are seeing, we are hopeful that a continuation of GSP plus can be secured,” JAAF secretary general Tuli Cooray was quoted as saying by Sri Lankan media reports.
The meeting builds on the process of continuous engagement that JAAF has with the ministry on this important topic.
Products exported to the EU fall under a total of 42 HS chapters that have a GSP plus utilisation of over 75 per cent.
“We were pleased to learn that the foreign ministry will continue to engage with the EU both on the Joint Commission and the Monitoring Mechanism of the EU GSP plus regime, while a sincere and committed effort is also being made to directly address all of their concerns. Based on the progress we are seeing, we are hopeful that a continuation of GSP plus can be secured,” JAAF secretary general Tuli Cooray was quoted as saying by Sri Lankan media reports.
The meeting builds on the process of continuous engagement that JAAF has with the ministry on this important topic.
Products exported to the EU fall under a total of 42 HS chapters that have a GSP plus utilisation of over 75 per cent.
Fibre2Fashion News Desk (DS)
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