GSP from EU and Britain to be continued for Sri Lanka
Although Britain will move out from the EU from 1st January next year, the United Kingdom's Department of International Trade has confirmed that EU will continue to provide the GSP + tariff concession for Sri Lanka.
About 40 percent of Sri Lanka's exports are garments, and UK is the the second largest importer from Sri Lanka.
Although the EU tax concession will not apply to Britain from next year, the United Kingdom's Department of International Trade has announced that the UK will be extending GSP Plus tariff concession to countries that have received the GSP plus tax relief from EU. previously.
It is also expected that the tariff concession from Britain will be effective until 2023.
Local News
Landslide warnings issued for 4 districts
15 December 2024
President Embarks on First Official Overseas Visit to India Today
15 December 2024
Low-Pressure Area Likely to Form Southeast of Bay of Bengal
15 December 2024
Inland Revenue Department to Take Legal Action Over Unpaid Taxes
15 December 2024
Trending News
SIMs to be deactivated on unregistered new mobile devices from tomorrow
30 September 2020
Sex education is the way to prevent child abuse – Ali Sabry
28 September 2020
Two suspended trains to resume operations
28 September 2020
Curfew in Western Province to be lifted on Monday - Army Commander
05 November 2020
