Home / Knowledge / News / Textiles / 'Regain EU's GSP plus to boost Sri Lankan textile exports'
'Regain EU's GSP plus to boost Sri Lankan textile exports'
Jul '13
For regaining competitive edge in exports, particularly in the field of textiles and apparel, Sri Lanka should reapply and obtain the Generalized System of Preference (GSP) plus facility with the European Union, for which Sri Lanka has now become eligible, suggested Dawn Austin, the outgoing Chairperson of the Exporters Association of Sri Lanka (EASL).
Addressing the 16th Annual General Meeting of EASL, Ms. Austin said while increasing the product coverage, the GSP plus has widened the concessions and provides and opening for lower middle income countries to diversify their exports, particularly in the fields of textile and garment.
Ms. Austin said the new GSP facility introduced by the Government of Norway from January 1 this year provides a plethora of opportunities, and added that with the introduction of the new GSP concession, Sri Lanka is entitled to enjoy duty free access to all industrial products, including all textile items.
Sri Lanka lost its preferential trade access to the EU in 2010, after the island country failed to meet the necessary human rights conventions that are necessary to enjoy continuation of the trade facility.
However, the Sri Lankan Government claimed that the loss of GSP plus facility had not much affected, as the apparel manufacturers bagged more orders from new markets.
Sri Lanka exported textiles and apparels worth US$ 3.8 billion last year and the country has set a target of achieving US$ 4.1 billion in textiles and garment exports this year.
From January to May 2013, Sri Lanka’s textiles and garment exports declined by 1.7 percent to US$ 1.643 billion, compared to exports of US$ 1.671 billion made during the corresponding period last year, according to the data from the Central Bank of Sri Lanka.
Textiles constitute nearly 10 percent of all Sri Lankan exports, while garments account for nearly 40 percent of all exports made by Sri Lanka.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

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

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search