European Union parliament will decide to impose sanctions on Sri Lankan fish production and export sector when they meet on June 26.
EU officials warned Sri Lanka of possible sanctions last year saying that there are illegal and unsystematic methods being used in local fishing industry.
However the government has already submitted the measures that it has taken to remedy the shortfalls. The Ministry of Fisheries stated that the EU would satisfy with the report submitted to them in this regard.
Sri Lanka earns 22 billion rupees annually from the fishing industry and most of the products are exported to the member countries of the European Union.