When a special five-member European Union delegation arrives in Colombo on Monday, its review of a vital trade concession could lead to substantial export losses for Sri Lanka, which has already suffered a steep drop in foreign reserves.
The European delegation will confer with stakeholders to learn more about something else many believe to again be in decline in the South Asian island nation: human rights. "They will meet with all stakeholders to obtain information, and verify the commitment made by the government in relation to matters pertaining to human rights, international labor conventions and the environment," Denis Chaibi, the EU ambassador to Sri Lanka, told Nikkei Asia.
The investigation will determine whether the European trading bloc continues to provide a Generalized System of Preferences Plus (GSP+) concession on imports that has been highly favorable to Sri Lanka.
nikkei
The European delegation will confer with stakeholders to learn more about something else many believe to again be in decline in the South Asian island nation: human rights. "They will meet with all stakeholders to obtain information, and verify the commitment made by the government in relation to matters pertaining to human rights, international labor conventions and the environment," Denis Chaibi, the EU ambassador to Sri Lanka, told Nikkei Asia.
The investigation will determine whether the European trading bloc continues to provide a Generalized System of Preferences Plus (GSP+) concession on imports that has been highly favorable to Sri Lanka.
nikkei
