Home / Knowledge / News / Quality supply of products impresses EU
Quality supply of products impresses EU
15
Feb '08
The European Union has decided to renew the GSP plus scheme for Sri Lanka for another three years starting from January 2009. The rules of origin concerning the program are yet to be finalized by the EU.

The decision was revealed by the EU commission delegation in a meeting held on February 13 in Sri Lanka and co-organized by Canada Business Council in Colombo.

At the meet, the EU delegation also discussed about its desire to withdraw concessions catered for shoes and other products to countries like India, Indonesia and Vietnam. This was concluded on grounds that these nations have started evolving and do not come under the category of Less Developed Countries (LDCs) anymore.

Sri Lanka would alone enjoy the benefits coming from the market as well as job opportunity given by EU. Besides, the scheme will also provide considerable margins to chief producers like those in the apparel sector.

The EU's objective in granting concessions is to promote sustainable development and eradicate poverty through enhanced trade and industrialization in developing the country.

Credit was given to Sri Lanka for supplying excellent products that have a huge demand in the European market. The scheme is designed only to assist the country in its aim to develop substantially.

In the previous year, Sri Lanka earned the highest revenue ever amounting to US $2.9 billion from its exports to the EU market. The contribution of apparel sector alone, accounts for $1.4 billion and it is believed that the country utilized only 61 percent of the GSP plus scheme allowed.


Must ReadView All

Maintain NAFTA trucking provisions: AAFA, US trade bodies

Apparel/Garments | On 22nd Nov 2017

Maintain NAFTA trucking provisions: AAFA, US trade bodies

The American Apparel & Footwear Association (AAFA) recently joined...

Vietnam’s textile & garment exports cross $24bn till Oct

Textiles | On 22nd Nov 2017

Vietnam’s textile & garment exports cross $24bn till Oct

Vietnam earned $24.372 billion from textile and garment exports in...

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Textiles | On 22nd Nov 2017

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Karl Mayer, a technology and market leader in textile machinery from...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

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

Eric Scholler
Groz-Beckert

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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