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.