Sweden to support EU's GSP+ status for Sri Lanka

27 Apr '16
1 min read

Sweden has pledged its maximum support to Sri Lanka to ensure the European Union's trade concession Generalized Scheme of Preferences plus (GSP+) is restored so that the island's garment sector can benefit.

The visiting Foreign Minister of Sweden, Margot Wallstrom, has during a meeting assured Sri Lankan President Maithripala Sirisena to provide her government's every possible assistance to regain the GSP+ facility, according to a statement by the Presidential Secretariat.

During the meeting, Wallstrom and the President discussed ways to strengthen bilateral relations.

In August 2010, the European Union citing Sri Lanka's failure to meet human rights conventions relevant for benefits under the scheme, had suspended the GSP+ tariff concession for Colombo that provided tax free access to European markets for the country's products, especially for garment exports. (SH)

Fibre2Fashion News Desk – India

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