Sri Lanka to reapply for GSP + for next period

Sri Lanka will reply for the GSP (Generalized Scheme of Preferences) + trade facility for the European Union market under the revised criterion for the period between 2024 and 2034

Sri Lanka will reply for the GSP (Generalized Scheme of Preferences) + trade facility for the European Union market under the revised criterion for the period between 2024 and 2034, a Minister said on Wednesday (May 10).

The European Commission, on September 22, 2021, adopted a legislative proposal for the next ten-year period.

The current GSP Regulation is set to expire by the end of this year. The Commission says it is proposing to continue the scheme while improving some of its key features.