The facility opens opportunities for around 5000 products of 120 developing countries to be imported to the US without tariffs. The Ministry added that this measure further strengthens ties with the world's largest trade partner. The US became the leading buyer of Lankan exports last year. Sri Lanka's total …
The United States president, Donald Trump reauthorised special trade tariffs for a number of countries, including Sri Lanka. Signing the US Omnibus Spending Bill on March 23, Mr Trump ensured GSP was authorised until December 2020. The previous program…
Mar 28, Colombo: The United States President Donald Trump has signed the US Omnibus Spending Bill on March 23 providing continued authorization of the Generalized System of Preferences (GSP), through December 31, 2020, benefiting Sri Lanka and other be…
A team from the European Union arrived in Sri Lanka yesterday to evaluate how labour rights are implemented in the country. The review is a …
ECONOMYNEXT – Sri Lanka is confident of regaining the GSP+ trade deal giving duty free access to the European market in May and under no …
Jan 22, Colombo: Even if Sri Lanka regains the European Union’s GSP+ tariff concession, the government will try to negotiate separate trade …
The European Commission today proposed that a significant part of the remaining import duties on Sri Lankan products should be removed by the …