Sri Lanka: GSP+ status

This procedure concerns the Generalised Scheme of Preferences Plus (GSP+), which allows certain developing countries to export goods to the European Union with reduced or zero tariffs. The focus is on monitoring Sri Lanka's compliance with international conventions on human rights, labor rights, and the environment to maintain these trade benefits.

This affects Sri Lankan exporters and EU importers. If Sri Lanka fails to meet the required standards, the EU may partially or fully withdraw these tariff advantages, increasing the cost of Sri Lankan goods in the European market.