GSP Plus has created positive impact on Sri Lanka

GSP Plus has created positive impact on Sri Lanka

GSP Plus has created positive impact on Sri Lanka

Written by Lahiru Fernando

18 Oct, 2017 | 10:15 pm

The GSP Plus facility has made a positive impact on Sri Lanka, as export earnings increased surpassed the US$ 1 Billion mark for the second consecutive month.

The Central Bank of Sri Lanka issued a media release today, October 18, confirming the matter.

CBSL says that export earnings have increased by 15.5% year on year to USD 1,001 million in August 2017.

What are the exports which made this impact?

  • Industrial exports
  • Agricultural exports

USA, UK, India and Germany were leading markets for merchandise exports of Sri Lanka during the first eight months of 2017 accounting for about 50% of total exports.

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