GSP Plus – Sign of renewed commitment to wider international obligations: EU

GSP Plus – Sign of renewed commitment to wider international obligations: EU

GSP Plus – Sign of renewed commitment to wider international obligations: EU

Written by Lahiru Fernando

20 Jul, 2016 | 1:25 pm

The European Union has drawn the attention of Sri Lankan officials to the importance of continued positive progress in fulfilling Sri Lanka’s commitments in parallel to obtaining GSP+.

At the 20th European Union-Sri Lanka Joint Commission meeting, which took place in Brussels on Tuesday July 19, representatives of EU welcomed Sri Lanka’s GSP+ application as a sign of renewed commitment to meeting its wider international obligations.

A joint press release reads that the meeting was co-chaired by Secretary of Foreign Ministry, Chitranganee Wagiswara and Managing Director for Asia and the Pacific at the European External Action Service, Gunnar Wiegand. The release also says that parties also discussed the procedure for assessing the GSP+ application, which was presented to the EU at the end of June, in line with the GSP Regulation.

The statement notes that the European Investment Bank has announced that it was currently negotiating a Rs8.2bn concessional loan with the Government of Sri Lanka for Greater Colombo Wastewater Project. It adds that the EU has also reiterated its plans to widen its 2014-2020 development programme of Rs34.4bn beyond rural development to provide grants for reconciliation and good governance.

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