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Saturday, 22 September 2018
Saturday, 22 September 2018 | Sri Lanka Watch
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GSP+ to be suspend in 6 months PDF Print E-mail
The European Union has decided to suspend the beneficial trade agreement, GSP+ due to the island’s human rights record and the lack of demonstration from Sri Lanka’s part to investigate solidly onto human rights charges; AFP report citing an European Union diplomat stated.

The decision however will not be in effect for the coming six months in order to allow manufacturers and traders to adjust to the new rules and to give Sri Lanka fair time to get the decision reversed. The diplomat stated that the decision to suspend the trade privileges was taken last week and is set to be endorsed by European finance ministers when they meet in Brussels on February 16.

“We will look to work with Sri Lanka to identify concerted steps and actions which could help us to plot the course together that would enable Sri Lanka to regain GS+,” the diplomat said.

The suspension of GSP+ (Generalized System of Preferences Plus), a scheme to give 16 poor nations preferential access to trading with EU membering countries, was defaulted last November with the rise of accusations upon Government forces for misconduct on civil rights violations.

Sri Lankan ambassador to the EU Ravinatha Aryasinha said Colombo “remains hopeful that better sense will prevail upon member countries of the EU who themselves have faced similar situations in their long history and are acutely conscious of the complexity of democracies fighting terrorism.”

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