Reply to thread

Message: <blockquote data-quote="lkdood" data-source="post: 7812366" data-attributes="member: 92282"><img src="http://upload.wikimedia.org/wikipedia/en/thumb/5/54/Next_2007-_logo.svg/200px-Next_2007-_logo.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />Next, a British clothing retailer, has stopped sourcing its garments  from Sri Lanka because of the uncertainty of the continuance of the  g.s.p.+ duty free concession. “It has moved over to Bangladesh,” an industry source told The Sunday  Leader.  The g.s.p.+ facility helps Sri Lanka to export garments and  several other products to the E.U. on a duty free basis. But the E.U.  has threatened to stop this concession by next month if Sri Lanka  doesn’t give a written guarantee by July 1 to some 15 conditions  governing human rights, the deadline of which is now past. Garments are Sri Lanka’s largest foreign exchange earner. The duty  advantage for garments under the g.s.p. + concession is 9%. Despite the  g.s.p. + concession, garment exports to the E.U. in the first four  months of the year fell by 13% year on year (U.S.$ 125 million). The  industry attributes this decline to the financial crisis facing the E.U  region because of the financial debacle in Greece and the Iberian  peninsula. Meanwhile E.U.’s Ambassador in Sri Lanka Bernard Savage told this  reporter on Thursday that the E.U. exercises a degree of flexibility in  their timeframe given to Sri Lanka to respond to their 15 point  programme which may take the form of an acceptance, or, for that matter,  any other form. Though the deadline for the Government of Sri Lanka  (G.o.S.L.) to reply was on Thursday, the E.U. can still wait for a  couple of days for a reply from G.o.S.L., he said.<img src="http://i50.tinypic.com/30tghfa.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />Next is one of the UK's largest clothing retailers (3rd largest)Next has more than 400 stores in the UK & around the worldSri lanka is one of the top sources for Next.  Next says it employs over 2000 people in Sri Lanka.</blockquote>

Verification: Haya warak paha keeyada? (haya wadi kireema paha)

Top Bottom