News

PM welcomes EC's proposal to restore GSP+

11 January 2017 - 66   - 0

Welcoming the decision by the European Commission (EC) that proposed to restore GSP+ concession, Prime Minister Ranil Wickremasinghe said today that it was the out come of ensuring the democratic rights of the people since new government took office two years ago.

Premier Wickremasinghe said that this victory of regaining the special facility is not solely by the "Good Governance" rule but for the entire nation. “This would give us access to EU market for our products once again and open new opportunities in home while fast tracking new foreign investments,”

EC earlier said that a significant part of the remaining import duties on Sri Lankan products should be removed by the European Union (EU) in exchange for the country's commitment to ratify and effectively implement 27 international conventions on human rights, labour conditions, protection of the environment and good governance.

EU is Sri Lanka's biggest export market accounting for nearly one-third of Sri Lanka's global exports. In 2015, total bilateral trade amounted to €4.7 billion. EU imports from Sri Lanka amounted to €2.6 billion and consisted mainly of textiles as well as rubber products and machinery.

  Comments - 0

  • Leave a comment

Top Stories

Cabinet reshuffle tomorrow

The much awaited Cabinet reshuffle is to take place tomorrow (25), according to several Ministers.  The Cabinet reshuffle was earlier ...

24 February 2018 - Views : 58

Underworld figure shot dead by STF

23 February 2018

Diyathalawa explosion: Army appoints five member committee

23 February 2018

SLAF Scouts hold dental clinic

23 February 2018



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">

 

Features & Analysis

Chinese New Year at Graze Kitchen 

The Hilton Colombo marked the seventh day of the Chinese New Year, Human day or ‘Renri’ on February 22 wi...

Get ready for Ironman 70.3 Colombo this weekend

The mega Ironman 70.3 Colombo competition, the first ever in South Asia, will see over 3000 athletes and their famili...

Legendary Wycliffe Gordon and His International All Stars to tour Sri Lanka

The legendary Wycliffe Gordon and His International All Stars will tour Sri Lanka February 24 to 28, staging per...

Head down to the Kala Pola this Sunday

The Silver Anniversary edition of Sri Lanka’s acclaimed open-air art fair, Kala Pola, will take place at Anan...



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">