The European Union (EU) had decided to re grant the GSP+ tariff concession to Sri Lanka.
Sri Lanka intends to apply for tariff preferences provided under the special incentive arrangement for sustainable development and good governance (GSP+) of the European Union.
The council said it welcomed the significant advances made by Sri Lanka since the presidential elections held in January 2015 to restore democratic governance, initiate a process of national reconciliation and re-engage with the international community and the United Nations system.
“The EU and its Member States actively support the new reform-oriented dynamism in Sri Lanka in order to overcome underlying causes of the past conflict,” it said.
“In this spirit, they will review their respective assistance programmes to support these objectives, including ensuring coordination with other donors.”
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