Sri Lanka win EU parliamentary vote on GSP+ by 436 votes against the motion to deny GSP+ to Sri Lanka – UPDATE
European Union’s Foreign and Trade Ministers Council has provided approval towards granting Generalised System of Preference Plus (GSP +) concession to Sri Lanka, Deputy Foreign Minister, Dr. Harsha De Silva confirmed. He confirmed the news via twitter and his tweet read “The Council of Ministers of the EU approved #SriLanka GSP+ application a short while ago. It’s now done! Effective in less than 2 weeks.”.
This is a major win for Sri Lankan economy as this would bring about a much-needed boost to the export industry. The approval was expected to be obtained without resistance as Sri Lanka were able to defeat a motion to deny the GSP+, by 436 Votes against and 119 in favour while 22 abstained.
Opportunity Sri Lanka expects a more formal statement to be made by the government in the near future regarding the exact timelines and various details to be announced soon.
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