Home / Knowledge / News / Textiles / EU's GSP+ concession to Sri Lanka to continue till 2023

EU's GSP+ concession to Sri Lanka to continue till 2023

22
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The European Union’s (EU) generalised scheme of preferences plus (GSP+) tax concessions to Sri Lanka will continue till 2023, minister of industry, export, investment promotion, tourism and aviation Prasanna Ranatunga recently said after meeting Thorsten Bargfrede, head of political, trade and communications at the Delegation of the EU to Sri Lanka and Maldives.

Sixty per cent of Sri Lanka’s garment exports go to EU member countries. The garments industry represents about 43 per cent of the country’s exports and earns around $5 billion to the country annually, the minister said.

Noting that EU investors were keening on investing in Sri Lanka, Bargfrede requested for a resumption of flight services by the Sri Lankan Airlines to EU countries. The minister replied that the matter was already under consideration, according to Sri Lankan media reports.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG & Co KG manufactures flat knitting machines....

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Poonam Naik Desai,

Poonam Naik Desai

Peekaboo is a sustainable, high quality, luxury sleepwear brand providing...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

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

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

Leave your Comments


February 2020

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


Advanced Search