SRI LANKA AND GSP+ ENSURING SUSTAINABLE SUPPLY CHAINS
Sri Lanka and GSP+ : Ensuring Sustainable Supply Chains
JAIC Hilton Residences : Colombo 2, Sri Lanka
Monday 2 October 2017
The European Union (EU) is Sri Lanka’s biggest export market, accounting for nearly one-third of Sri Lanka’s global exports. In 2015, total bilateral trade amounted to 4.7 billion euros.
Following the EU reinstatement of the GSP+ status to Sri Lanka in May 2017, the onus now rests with the country to comply with the requirements needed to retain this status. The GSP+ scheme is conditional on Sri Lanka advancing human and labour rights and working towards sustainable development. As is the case for all GSP+ countries, the removal of customs duties for Sri Lanka will be accompanied by rigorous monitoring of the country's progress in implementing these conventions.
Businesses can play constructive roles by assisting the Sri Lankan authorities in key areas of policy implementation and reform. Hence this one-day forum is aimed at fostering dialogue towards mobilising the constructive role of local actors and to discuss the implications from a sectoral perspective.