Home / Knowledge / News / Apparel/Garments / Sri Lanka's apparel exports rise after EU GSP+ reinstatement
Sri Lanka's apparel exports rise after EU GSP+ reinstatement
Nov '17
Sri Lanka
Sri Lanka’s apparel exports from January to September 2017 has increased by 11.3 per cent to $1.67 billion due to the European Union's tariff concession Generalized System of Preferences plus (GSP+), according to industries and commerce minister Rishad Bathiudeen. He termed it as GSP+’s most prominent success for Sri Lankan exports till now since its reinstatement.

Minister Bathiudeen was addressing the launch of the third edition of Intex South Asia 2017 in Colombo on November 15. Apparel exports to EU had increased by only 2 per cent from January to September 2016 in comparison to the same period in 2015.

A strong presence of Chinese, Indian and Hong Kong participants was seen at the three-day expo, according to Sri Lankan media reports.

Though US market is not connected to EU GSP, the country’s apparel exports to the United States too has increased this year by 12 per cent to $1.8 billion between January to September.

Sri Lanka’s overall apparel exports during the same period this year increased by 13.4 per cent to $3.97 billion in comparison to $3.5 billion during the same period last year.

In 2016, Sri Lanka's apparel exports were pegged at $4.86 billion, about 43 per cent of the total Sri Lankan exports basket. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Interviews View All

Veronique Lee, Modavanti

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Abhishek Samdaria, Reflete

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

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

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


Leave your Comments

February 2020

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

Advanced Search