NewsWelcoming the decision by the European Commission (EC) that proposed to restore GSP+ concession, Prime Minister Ranil Wickremasinghe said today that it was the out come of ensuring the democratic rights of the people since new government took office two years ago. Premier Wickremasinghe said that this victory of regaining the special facility is not solely by the "Good Governance" rule but for the entire nation. EU is Sri Lanka's biggest export market accounting for nearly one-third of Sri Lanka's global exports. In 2015, total bilateral trade amounted to €4.7 billion. EU imports from Sri Lanka amounted to €2.6 billion and consisted mainly of textiles as well as rubber products and machinery.
Source: Sunday Times January 11, 2017 13:46 UTC