European Parliament calls to end Sri Lanka’s GSP+


The European Parliament (EU) on Thursday adopted a resolution calling for a temporary withdrawal of the GSP+, a scheme which has granted Sri Lanka preferential access to the EU market.

‘The resolution called to repeal Sri Lanka’s Prevention of Terrorism Act (PTA) as the law is deemed incompatible with the conventions that the country has to implement under the Generalised Scheme of Preferences (GSP+),’ foreign media reported.

The resolution has been adopted by 628 votes in favour of the 705-member legislative assembly of the EU. The reports said that 15 members had voted against the resolution while 40 abstained.

If implemented, the move can affect Sri Lanka’s exports to the region, including apparel, ceramic and rubber.