A monitoring mission from the European Union (EU) will visit Sri Lanka from April 28 to May 7, 2025, to assess the country’s progress in meeting the conditions required for continued access to GSP+ trade preferences. This visit is part of the EU’s regular biannual review process.
During the mission, EU representatives will engage with government officials, institutions, politicians, civil society, trade unions, and business associations, and will also conduct site visits across the country.
Sri Lanka is one of eight low- or lower-middle income countries benefiting from the GSP+ scheme, a special incentive arrangement for Sustainable Development and Good Governance. Eligibility requires the ratification and effective implementation of 27 international conventions related to human rights, labor standards, environmental protection, climate change, and good governance.
The EU, comprising 27 member states with a population of 450 million, is Sri Lanka’s second-largest export market. In 2024, Sri Lanka exported goods worth €2.7 billion to the EU, with 85% of these exports enjoying duty-free access under GSP+.
(News 1st)
(Except for the headline, this story, originally published by News 1st has not been edited by SLM staff)
