Hirunews Logo
GSP+plus+conditions+relaxed
Sunday, 10 July 2016 - 12:56
GSP plus conditions relaxed
29

Shares
3,506

Views

The European Commission has decided to reduce the list of conditions imposed on Sri Lanka to offer duty free concession for the GSP Plus, dropping the list of 58 conditions to 15 priority conditions.

Accordingly, a senior state official noted that some of the conditions based on international conventions, and certain conditions presented by the government have been restricted.

Reports indicated that the conditions were reduced as a measure to rapidly consolidate the Sri Lankan economy.

In addition, it is important to offer the GSP plus as an affirmation of the Good Governance policies of the new government.

The European Commission presented a list of conditions to grant the GSP plus concession once again to the country, after it was suspended in 2010. 

However, the then government rejected the conditions, stating that the country’s sovereignty would be harmed if the country conforms to the conditions.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
News Image
Hiru News Programme Segments
74 Views
1,618 Views
1,699 Views
38,944 Views
1,804 Views
40,072 Views
Top