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European Commission proposes to restore GSP plus concessions to SL

Related Keywords: European Commission, good governance, human rights, in exchange of Sri Lankan government's commitment, labor conditions, proposed removing significant part of remaining import duties, protection of environment, ratify twenty seven international conventions, Sri Lankan products, under the General System of Preference plus

The European Commission on Wednesday in exchange of the Sri Lankan government's commitment to ratify 27 international conventions on human rights, labor conditions, protection of the environment and good governance has proposed removing of a significant part of the remaining import duties on Sri Lankan products under the General System of Preference Plus (GSP-Plus).

The European Commission said that the removal of customs duties would be accompanied by rigorous monitoring and conditional on continued commitment to sustainable development, human rights and good governance.

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