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Friday, 29 December 2017 - 11:27
US GSP Programme expires
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The US embassy in Colombo says that the United States’ Generalized System of Preferences (GSP) programme will expire on 31st of December.

The programme expires as the United States Congress did not re-authorize GSP before adjourning for the year.

The immediate effect of GSP expiration is GSP eligible imports to the United States from Sri Lanka and other GSP beneficiary countries and territories will be subject to non-preferential duties beginning 1st of January, 2018.

The United States is Sri Lanka’s top export market. According to the Global Trade Atlas, in 2016, the United States imported $ 2.8 billion of Sri Lankan goods.
 
 
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