Sri Lanka, EU To Discuss GSP+ Concessions

COLOMBO (News 1st): A delegation from the European Commission is set to hold discussions with officials from Sri Lanka's Ministry of Finance today at the Presidential Secretariat. 

The talks will focus on several key issues, including the GSP+ concessions.

A team of senior European Union (EU) officials are in the country to review Sri Lanka’s progress in implementing the 27 international conventions under the Generalized Scheme of Preferences Plus (GSP+) trade preferences program of the EU. The EU is Sri Lanka’s second largest export destination with exports of USD 3 billion in 2024.

The 27 conventions, which have been ratified by Sri Lanka, cover areas of Human Rights, Labour rights, Environment protection and Climate Change, and Good Governance. The implementation of the conventions is monitored periodically with missions and reports, said the Ministry of Foreign Affairs.

The Mission will meet government officials, relevant institutions, politicians, civil society, business associations, trade unions and will also make field visits.

The last GSP+ Monitoring Mission took place in Colombo.