PM in Brussels to renegotiate GSP Plus

Monday, 17 October 2016 - 7:58

PM+in+Brussels+to+renegotiate+GSP+Plus

Prime Minister Ranil Wickremesinghe arrived in Brussels yesterday for high level discussions with the European Union to commence the first round of discussions on renegotiating the GSP Plus agreement.

The main objective of Prime Minister's visit is to regain the withdrawn GSP+ tariff concession facility to Sri Lanka.

The Premier is scheduled to meet the high profile Belgium leaders including Premier Charles Michel and Prince Laurent.

He will also hold discussions with heads of state and other high ranking officials of the European Union and the European Council.

The Premier is expected to commence discussions today.

If Sri Lanka successfully reverses the GSP+ suspension, Sri Lanka's currency reserves would increase from 10 to 20% through access to the European market amounting to a population of over 500 million people.