Implementation of GSP+ to rely on SL’s progress

The European Union(EU) says that the implementation of the Generalised Scheme of Preferences Plus (GSP+) relies on Sri Lanka’s progress toward human rights and good governance.

The EU last week reassured that it will continue the GSP+ concessions to Sri Lanka until 2023.

This support was conveyed by the EU Mission to Sri Lanka and the Maldives Deputy and Head of Political, Trade and Communications Thorsten Bargfrede when he called on Industrial Exports, Investment Promotion, Tourism and Aviation Minister Prasanna Ranatunga last week.

However, the EU office in a twitter message today said that the GSP+ is not automatic and it is granted only if there is continued and effective implementation of 27 international conventions, related to human and labour rights, environment and good governance.

The EU further noted that it was monitoring this implementation closely.