EU, India and China on Sri Lanka’s apparel export radar

Prime minister Ranil Wickremesinghe was in Brussels last week where he initiated talks with the EU on restoring GSP Plus status to his country.Sri Lanka’s apparel exports registered four per cent growth last year and a GSP plus facility would be a further push for exports growth, according to Joint Apparel Association Forum (JAAF).คำพูดจาก สล็อตเว็บตรง

The south Asian nation is also hoping for a favourable outcome from the ongoing preferential trade negotiations with India and Chinaคำพูดจาก สล็อตเว็บตรง. The Economic and Technology Co-operation Agreement (ETCA) between India and Sri Lanka is currently in final stages of negotiation.The agreement is likely to open India’s apparel import market for Sri Lanka, and remove the current quota of 8 million under the Indo-Sri Lanka Free Trade Agreement (ISFTA).Chinese government is also likely to offer a more flexible environment for Sri Lankan apparel exports.Sri Lanka’s textile and garment exports stood at $4.7 billion in 2015. The country looks to increase this figure to $6 billion by 2019. 

Related Posts

Copyright © 2024 Junipedia. All Right Reserved.