April 28, Colombo (LNW): A delegation from the European Union tasked with monitoring the Generalised Scheme of Preferences Plus (GSP+) arrangements is set to commence its visit to Sri Lanka today (28).
The mission will remain in the country until May 07, 2025, during which it will undertake a comprehensive review of Sri Lanka’s adherence to commitments underpinning the continuation of GSP+ trade privileges.
This visit forms part of the EU’s regular biannual assessment process, a framework to which Sri Lanka has pledged ongoing cooperation. According to a statement issued by the European Union, the delegation’s programme will include discussions with government officials, members of Parliament, key institutions, civil society organisations, business representatives, and trade unions.
Additionally, the team is expected to conduct field visits to gather on-the-ground insights into the practical application of the country’s commitments.
Sri Lanka remains one of only eight low- or lower-middle income nations currently benefiting from the GSP+ scheme. This special incentive arrangement is designed for countries that have ratified and are implementing 27 key international conventions covering human rights, labour standards, environmental protection, climate change mitigation, and good governance.
The continuation of GSP+ benefits hinges upon the effective and demonstrable enforcement of these conventions, monitored through missions such as this and subsequent detailed reporting.
The European Union, comprising 27 member countries with a combined population of approximately 450 million, stands as Sri Lanka’s second-largest export destination. In 2024 alone, Sri Lankan exports to the EU were valued at around 2.7 billion euros, with an estimated 85 per cent of these goods enjoying duty-free access under the GSP+ arrangement.
The scheme remains vital for Sri Lankan industries such as apparel, fisheries, and agricultural produce, making the outcome of this mission particularly significant for the nation’s economic landscape.
