Sri Lanka Eu reports 2020 prevention Sri Lanka Eu

Sri Lanka at a risk losing GSP+ status?

Reading now: 566

What is the GSP facility?The Generalized System of Preferences is known as the GSP facility.Import duty on products coming into European nations from developing countries are removed under this scheme.The European Commission chooses the countries for this facility.Selected countries have to implement 27 international conventions on human rights, labour rights, the environment and good governance.When was Sri Lanka deemed eligible for it?Sri Lanka enjoyed GSP benefits since the 1970’s before it was stopped in 2010.The EU stopped granting GSP benefits to Sri Lanka, for failing to address reported human rights violations.But the facility was granted again to Sri Lanka in 2017, this time in the form of GSP+.What is the difference between GSP.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News