EU to stop Sri Lanka’s preferential trade access
By IANSMonday, July 5, 2010
BRUSSELS - Sri Lanka will temporarily lose its preferential access to the European Union market from August 15 because of shortcomings in implementing UN human rights conventions, the EU said Monday.
The decision to withdraw the preferential tariff system “GSP+” (Generalised System of Preferences) was taken by the EU Council of Ministers in February, EuAsiaNews reported citing a statement from the European Commission.
“We very much regret the choice of Sri Lanka not to take up an offer made in good faith and in line with the EU commitment to a global human rights agenda. We will, however, keep the door open for Sri Lanka to return to talks,” said EU foreign affairs chief Catherine Ashton.
The decision followed an exhaustive 12-month investigation concluded in October, 2009, by which the European Commission identified significant shortcomings in respect of Sri Lanka’s implementation of three UN human rights conventions relevant for benefits under the scheme, the statement said.
Under GSP+ the EU provides additional preferences to economically vulnerable developing countries which have ratified and effectively implemented 27 international conventions in the fields of human and labour rights, sustainable development and good governance.
Sri Lanka is currently one of the 15 beneficiary of the GSP+.
