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Lanka gets back EU tariff concessions

Press Trust of India  |  Colombo 

The European Union's import tariff concession GSP+ would be made available to with effectfrom May19 despite the country's lack of progress in meeting criteria in some areas of focus, Ambassador to Tung-Lai Margue said today.

"The removal of duties on Sri Lankan to the will come into force this Friday after publication in the EU's official journal," Margue said.

This would mean full removal of duties on 66 per cent of tariff lines covering a range of products from textile to fisheries.

The denied the facility to in 2010 due to the country's failure to implement 27 international conventions on human rights, labour conditions, protection of environment and good governance.

Margue said still needed improvement in many areas of criteria and the will keep on monitoring the process for further improvement.

For example the awaits to see the final draft of Sri Lanka's new Counter Act which is to replace the existing Prevention of Act.

"Granting of good governance (GSP+) facility does not mean that situation in with regard to progress is fully satisfactory. International Human Rights groups have described PTA as draconian which allows indefinite detention of people," Margue said.

Margue said torture and forced child marriages and labor rights violations are being still reported from

He said the GSP+ restoration will provide with immediate benefits worth in excess of 300 million Euro annually.

In 2016, exported 2.6 billion Euro worth of goods to countries.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 14:22 IST