The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Male-Penned Songs On Women By Madani
Today at 7:50 pm by Backstage

» CB Chief cracks whip!
Today at 7:47 pm by Backstage

» Dividend Announcement
Today at 7:06 pm by Backstage

» Sri Lanka introduces concessions to boost faltering growth
Today at 7:05 pm by Backstage

» New taxes hamper life insurance industry
Today at 7:03 pm by Backstage

» Carrom Game between Chamil Cooray & Sandeep Deorukhkar in ICF Cup 2015
Today at 5:18 pm by sashimaal

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Today at 11:28 am by Ethical Trader

» EPF/ETF සහ විදේශ ශ්‍රමිකයෝ: නව බදු පනත ගැන මේ කරුණු දන්නවාද?
Yesterday at 6:03 pm by Rana

» ගෙවල්..වාහන..විදුලිය..සියල්ලටම දැන් ණය වර්ග අටක්..
Yesterday at 4:12 am by nihal123

» විදුලි සංදේශ බද්ද ඉවතට - යතුරුපැදි බදු අඩුවෙයි
Thu Aug 17, 2017 8:09 pm by nihal123

» දෙවන කාර්තුවේ ඉහළ වර්ධනය සමඟින් කොමර්ෂල් බැංකුව තවත් ශක්තිමත් වෙයි
Wed Aug 16, 2017 10:15 pm by nihal123

» අද වෙන්දේසියේ දී බිල්පත් පොළී නගී
Wed Aug 16, 2017 10:11 pm by nihal123

» ලක්‍ෂ්මන් සිල්වා DFCC බැංකුවේ ප‍්‍රධාන විධායක නිලධාරි තනතුරට
Wed Aug 16, 2017 12:29 pm by nihal123

» HOPL.N0000 ( Horana Plantations PLC)
Wed Aug 16, 2017 9:21 am by yellow knife

» පෑන් ඒෂියා බැංකුවේ ප්‍රාථමික අලෙවි කටයුතු මාස 06 කට අත්හිටුවයි
Tue Aug 15, 2017 1:16 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Mon Aug 14, 2017 2:37 pm by The Invisible

» Plantation sector updates
Sun Aug 13, 2017 4:51 pm by The Invisible

» අධිකරණ ඇමතිට ආණ්ඩු පක්ෂයෙන්ම විශ්වාස භංගයක්?
Sun Aug 13, 2017 7:52 am by smallville

» සොහොන් කොතේ නම 'අකැප' ඇෆ්ගන් කතුන්
Sat Aug 12, 2017 2:59 pm by Ethical Trader

» කොරියානු අර්බුදය හමුවේ ශ්‍රී ලංකාවේ සූදානම
Sat Aug 12, 2017 2:42 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sat Aug 12, 2017 2:10 pm by Ethical Trader

» කොරියාවේ උණුසුමට සංගීතයේ සිසිලස
Sat Aug 12, 2017 9:10 am by Ethical Trader

» මැක්‍රෝන් සිය බිරිඳට 'ජනාධිපති ආර්යා' නිල තත්වය නොදෙන ළකුණු
Fri Aug 11, 2017 10:39 pm by jiggysaurus

» Video of the day...
Fri Aug 11, 2017 4:24 pm by Rana

» Cartoon of the day...
Fri Aug 11, 2017 1:58 pm by Rana

» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 11:25 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
Fri Aug 11, 2017 11:08 am by Ethical Trader

» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 9:29 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 7:13 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 7:11 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
Thu Aug 10, 2017 7:11 pm by smallville

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Thu Aug 10, 2017 6:06 pm by Rana

» 10 Billion Dollar Companies Secretly Going Bankrupt !
Thu Aug 10, 2017 5:06 pm by කිත්සිරි ද සිල්වා

» SAMP.N0000 (SAMPATH BANK PLC)
Thu Aug 10, 2017 3:25 pm by The Invisible

» ඇමති රවී විශේෂ ප්‍රකාශයක් කරමින් ඉවත් වෙන්න සූදානම්
Thu Aug 10, 2017 12:54 pm by කිත්සිරි ද සිල්වා

» කැබිනට් රැස්වීමට නැහැ ; ඇමති රවී අස් වෙයිද? නැද්ද?
Thu Aug 10, 2017 9:53 am by Ethical Trader

» How cricket found – Rajgama heros !
Thu Aug 10, 2017 12:54 am by කිත්සිරි ද සිල්වා

» උ.කොරියාව, ඇමෙරිකාවේ 'ගුවාම්' දූපතට පහර දෙයි ද?
Wed Aug 09, 2017 5:54 pm by Ethical Trader

» බැඳුම්කර ගනුදෙනුවලින් පර්පෙචුවල් ට්‍රෙෂරීස්‌ සියයට 400ක්‌ ලාභ ලැබුවා
Wed Aug 09, 2017 3:07 pm by Ethical Trader

» කන්දත් නැහැ -පොලිසියේ රස්සාවත් නැහැ
Wed Aug 09, 2017 1:35 pm by Yin-Yang

» ASPI Status Update
Wed Aug 09, 2017 11:31 am by Ethical Trader

» Obituary Notice.
Wed Aug 09, 2017 8:58 am by කිත්සිරි ද සිල්වා

» Sri Lanka lagging in stock market development in the region’
Tue Aug 08, 2017 11:10 pm by Backstage

» PINS.N0000 ( PEOPLE'S INSURANCE PLC )
Tue Aug 08, 2017 11:01 pm by Backstage

» ඖෂධීය ගබඩාවක්. ගුණයෙන් අනුනයි
Tue Aug 08, 2017 10:30 pm by Backstage

» පැහැරගැනුණු නිරුපිකාව ගැලවේ: 'මැදපෙරදිගට විකිණීමේ තැතක්'
Tue Aug 08, 2017 6:55 pm by Ethical Trader

» ඩොලරය-සාපෙක්ෂව-රුපියල-සියයට-2.5කින්-අවප්‍රමාණයට
Mon Aug 07, 2017 8:14 pm by nihal123

» හිල්ටන් හෝටලයට වෙන්න යන දේ මෙන්න. සේවකයන්ටත් 4% ක කොටස්
Mon Aug 07, 2017 8:13 pm by nihal123

» "ඉවත් වන්න" - ඇමති රවීට ජනපති දන්වයි
Sun Aug 06, 2017 9:01 am by malanp

» කෝටි 15-20 වටිනා මොනවද මේ මොනාක්‌ රෙසිඩන්සිස්‌?
Sat Aug 05, 2017 2:47 pm by nihal123

August 2017
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Sri Lanka confident of regaining key EU trade concessions GSP plus

View previous topic View next topic Go down

Sri Lanka confident of regaining key EU trade concessions GSP plus

Post by Backstage on Thu Apr 27, 2017 10:43 am

Sri Lanka confident of regaining key EU trade concessions
GSP plus

Xinhua - Sri Lanka on Wednesday said it was confident of regaining key EU trade concessions known as the GSP plus despite concerns raised by a few members of the European Parliament.

Deputy Foreign Minister Harsha De Silva in a statement said he had met with several members of the European Parliament on issues related to the Sri Lanka GSP Plus vote which is scheduled to be taken up for vote on Thursday.

De Silva added that he, together with Sri Lanka's Ambassador to the EU Rodney Perera, had met many members from the European Parliament to explain the good work the government had been doing to improve democracy, governance, rule of law, human rights and reconciliation.

"By and large they are satisfied with the progress albeit some areas have been slow," De Silva said. "I am confident we will make it through."

An EU fact-finding delegation had recently raised concerns over labor rights in Sri Lanka ahead of a decision being taken on Sri Lanka's application for GSP plus.

The Fact-Finding Mission, which included members of the European Parliament Anne-Marie Mineur and Lola Sánchez Caldentey, visited Sri Lanka last week to assess the country's progress on human and labor rights.

The European Union will decide next month if Sri Lanka is duly entitled, or not, to be granted GSP plus.
avatar
Backstage
Top contributor
Top contributor

Posts : 3099
Join date : 2014-02-24

Back to top Go down

Re: Sri Lanka confident of regaining key EU trade concessions GSP plus

Post by Backstage on Thu Apr 27, 2017 10:58 am


Possible GSP+ postponement averted

Pressure on the Sri Lankan Government to deliver on its promise of ensuring that GSP+ benefits, if approved, are passed down to workers, has averted a possible delay in the process.

While the European Union (EU) is set to decide next month on Sri Lanka’s request for a resumption of trade concessions under GSP +, there was concern that the EU May decision-making process would be postponed by several months if the government didn’t fulfil certain obligations including the right to organise in BOI factories and also workers being direct beneficiaries of the concessions.

Palitha Atukorale, Secretary of Industrial Sri Lanka Council, which is part of a global union, told the Business Times that a delegation including two EU parliamentarians that visited Sri Lanka last week on a fact-finding mission was considering seeking a postponement on Sri Lanka’s application.

“Until April 12th morning the delegation had stated that they will campaign for a postponement of Sri Lanka’s application to the next EU session for consideration, which we understand will be after several months as they felt that the situation was not good enough for consideration at this point,” he said.

However at a subsequent meeting and probably sensing the pulse (and concern) of the delegation, the Labour Minister John Seneviratne and Board of Investment Chairman Upul Jayasuriya had proposed that 50 per cent of the GSP+ benefits would be shared with the workers, and wanted the two EU parliamentarians to propose this to the EU, he said.

“The delegation was pleased with the proposal and the two parliamentarians said they will propose this as a condition if the EU is granting the facility and also they will press for the inclusion of this condition,” Mr. Athukorala said adding that the delegation – if convinced that the government proposal is sincere and would be implemented – may also convince the EU to not put too much pressure on other demands.

The delegation comprised parliamentarians Anne Marie Mineur (Netherlands) and Lola Sanchez (Spain), two representatives from Clean Clothes Campaign, one representative from the International Transport Workers Federation and two from the Danish Trade Union Federation. Sri Lanka lost the GSP+ eligibility in 2010. GSP+ will grant the full removal of tariffs on every product category covered by the general scheme.
avatar
Backstage
Top contributor
Top contributor

Posts : 3099
Join date : 2014-02-24

Back to top Go down

Re: Sri Lanka confident of regaining key EU trade concessions GSP plus

Post by Backstage on Thu Apr 27, 2017 1:28 pm

GSP+ only under strict condition: MEPs to Commissioner
2017-04-27

The two Members of the European Parliament (MEP) who visited Sri Lanka between April 10 and 12 to look into the possibility of Sri Lanka regaining GSP+, had recommended the European Commissioner on Trade Cecilia Malmström to grant the concession only under the strict condition of Sri Lanka implementing pledges made with regard to labour rights.

In a letter addressed to Ministers Kabir Hashim, John Seneviratne and Board of Investment (BOI) Chairman Upul Jayasuriya, the two members said they believe that serious reforms are urgently needed to improve labour rights.

The two MEPs; Anne-Marie Mineur and Lola Sanchez Caldentey, commended the government for ratifying all the UN, International Labour Organization (ILO) conventions on core human and labour rights.

However, they said they are worried about the enforcement of workers’ right to join or form a union of their choosing, the right to collective bargaining and the right to strike.

“Also the fact that labour inspectors and union leaders cannot visit all working sites, in particular the Free Trade Zones, without advance notification, undermines the essence of inspections. Unions cannot currently access the courts for complaints of unfair labour practices and/or anti-union discrimination,” the MEPs said in their letter.

They said their findings during the visit confirm reports by the UN Human Rights Commissioner as well as the ILO Committee of Experts.

“Both institutions have also reported shortcomings on the enforcement of labour rights issues as well as other human rights issues, in particular the use of torture, the rights of minorities and the rights of LGBTI people. While not all of these issues were the focus of our mission, we fully support their purport,” the MEPs said.

Because of these facts, the duo said they have tabled a resolution to the plenary assembly of the European Parliament to be voted on by April 27, in which they object to the renewed entry into force of the GSP+ system.

In response to their findings, the MEPs said they equally detected a cooperative attitude and a willingness to address these concerns from the Sri Lankan government.

“Minister Kabir Hashim agreed to include trade unions in the monitoring mechanism of the GSP+ in case it would be granted. Minister John Seneviratne stated that 50% of the benefits of the GSP+ system should be shared by the workers,” they said.

Meanwhile, Mr. Jayasuriya has agreed to allow labour inspectors and labour leaders to freely enter any work place under the purview of the BOI, including the FTZs

“We are impressed by the decisiveness and the sense of entrepreneurship that we have encountered both in the labour unions and in the government. However, we see too little guarantees to ensure the successful implementation reforms. Therefore, we recommend to Commissioner Cecilia Malmström that once these commitments have been implemented, and only under this strict condition, she does grant Sri Lanka GSP+,” the duo concluded in their letter.
- See more at: http://www.dailymirror.lk/article/GSP-only-under-strict-condition-MEPs-to-Commissioner--127902.html#sthash.rO1mShEE.dpuf
avatar
Backstage
Top contributor
Top contributor

Posts : 3099
Join date : 2014-02-24

Back to top Go down

Re: Sri Lanka confident of regaining key EU trade concessions GSP plus

Post by Ethical Trader on Thu Apr 27, 2017 2:02 pm

Thanks Back.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 2499
Join date : 2014-02-28

Back to top Go down

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum