The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to if you face any technical difficulties when posting
Display results as :
Advanced Search
Latest topics
When Will It Be Safe To Invest In The Stock Market Again?Wed Apr 19, 2023 6:41 amකිත්සිරි ද සිල්වා
Dividend AnnouncementsWed Apr 12, 2023 5:41 pmකිත්සිරි ද සිල්වා
MAINTENANCE NOTICE / නඩත්තු දැනුම්දීමThu Apr 06, 2023 3:18 pmකිත්සිරි ද සිල්වා
SEYB.N0000 (Seylan Bank PLC)Thu Mar 30, 2023 9:25 amyellow knife
The Korean Way !Wed Mar 29, 2023 7:09 amකිත්සිරි ද සිල්වා
In the Meantime Within Our Shores! Mon Mar 27, 2023 5:51 pmකිත්සිරි ද සිල්වා
What is Known as Dementia?Fri Mar 24, 2023 10:09 amකිත්සිරි ද සිල්වා
SRI LANKA TELECOM PLC (SLTL.N0000)Mon Mar 20, 2023 5:18 pmකිත්සිරි ද සිල්වා
THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)Mon Mar 20, 2023 5:10 pmකිත්සිරි ද සිල්වා
Equinox ( වසන්ත විෂුවය ) !Mon Mar 20, 2023 4:28 pmකිත්සිරි ද සිල්වා
COMB.N0000 (Commercial Bank of Ceylon PLC)Sun Mar 19, 2023 4:11 pmකිත්සිරි ද සිල්වා
REXP.N0000 (Richard Pieris Exports PLC)Sun Mar 19, 2023 4:02 pmකිත්සිරි ද සිල්වා
RICH.N0000 (Richard Pieris and Company PLC)Sun Mar 19, 2023 3:53 pmකිත්සිරි ද සිල්වා
Do You Have Computer Vision Syndrome?Sat Mar 18, 2023 7:36 amකිත්සිරි ද සිල්වා
LAXAPANA BATTERIES PLC (LITE.N0000)Thu Mar 16, 2023 11:23 amකිත්සිරි ද සිල්වා
What a Bank Run ?Wed Mar 15, 2023 5:33 pmකිත්සිරි ද සිල්වා
104 Technical trading experiments by HUNTERWed Mar 15, 2023 4:27 pmkatesmith1304
GLAS.N0000 (Piramal Glass Ceylon PLC)Wed Mar 15, 2023 7:45 amකිත්සිරි ද සිල්වා
Cboe Volatility Index Tue Mar 14, 2023 5:32 pmකිත්සිරි ද සිල්වා
AHPL.N0000Sun Mar 12, 2023 4:46 pmකිත්සිරි ද සිල්වා
TJL.N0000 (Tee Jey Lanka PLC.)Sun Mar 12, 2023 4:43 pmකිත්සිරි ද සිල්වා
CTBL.N0000 ( CEYLON TEA BROKERS PLC)Sun Mar 12, 2023 4:41 pmකිත්සිරි ද සිල්වා
COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))Fri Mar 10, 2023 4:43 pmyellow knife
Bitcoin and Cryptocurrency Fri Mar 10, 2023 1:47 pmකිත්සිරි ද සිල්වා
CSD.N0000 (Seylan Developments PLC)Fri Mar 10, 2023 10:38 amyellow knife
PLC.N0000 (People's Leasing and Finance PLC) Thu Mar 09, 2023 8:02 amකිත්සිරි ද සිල්වා
Bakery Products ?Wed Mar 08, 2023 5:30 pmකිත්සිරි ද සිල්වා
NTB.N0000 (Nations Trust Bank PLC)Sun Mar 05, 2023 7:24 amකිත්සිරි ද සිල්වා
Going South Sat Mar 04, 2023 10:47 amකිත්සිරි ද සිල්වා
When Seagulls Follow the TrawlerThu Mar 02, 2023 10:22 amකිත්සිරි ද සිල්වා
Re-activatingSat Feb 25, 2023 5:12 pmකිත්සිරි ද සිල්වා
SAMP.N0000 (Sampath Bank PLC)Wed Nov 30, 2022 8:24 amකිත්සිරි ද සිල්වා
APLA.N0000 (ACL Plastics PLC)Fri Nov 18, 2022 7:49 amකිත්සිරි ද සිල්වා
Banks, Finance & Insurance Sector ChartTue Nov 15, 2022 5:26 pmකිත්සිරි ද සිල්වා
VPEL.N0000 (Vallibel Power Erathna PLC)Sun Nov 13, 2022 12:15 pmකිත්සිරි ද සිල්වා
WATA - WatawalaSat Nov 05, 2022 8:44 amකිත්සිරි ද සිල්වා
KFP.N0000(Keels Food Products PLC)Sat Nov 05, 2022 8:42 amකිත්සිරි ද සිල්වා
Capital Trust Broker in difficulty?Fri Oct 21, 2022 5:25 pmකිත්සිරි ද සිල්වා
IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?Thu Oct 20, 2022 10:13 amකිත්සිරි ද සිල්වා
What Industry Would You Choose to Focus?Tue Oct 11, 2022 6:39 pmකිත්සිරි ද සිල්වා
Should I Stick Around, or Should I Follow Others' Lead?Tue Oct 11, 2022 9:07 amකිත්සිරි ද සිල්වා
DV-2024 Program: Online RegistrationThu Oct 06, 2022 11:26 amකිත්සිරි ද සිල්වා
Tile - SnapshotWed Sep 28, 2022 12:45 pmකිත්සිරි ද සිල්වා

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

Go down
poor boy
Active Member
Active Member
Posts : 766
Join date : 2014-10-09

Regaining EU GSP Plus maybe far from govt.’s claim: envoy  Empty Regaining EU GSP Plus maybe far from govt.’s claim: envoy

Fri Nov 27, 2015 11:21 am
Message reputation : 100% (1 vote)                                                                                      Regaining the General System of Preferences Plus (GSP Plus) facility from the European Union (EU) maybe farther away than the government has recently claimed, according to the disposition of EU Ambassador to Sri Lanka David Daly, who called the private sector to pressure the government over human rights issues.

Speaking at the Sri Lanka Apparel Exporters’ Association Annual General Meeting (AGM) this week, he noted that the recent developments in the local front are raising questions in Brussels.

“The recent violence against students raises some questions. What does the government do about it? What sort of follow up is there?” he asked.
He also questioned whether the government has a realistic grip of what goes on in the country, referring to the United Nations (UN) Working Group on Enforced or Involuntary Disappearances revealing the torture chamber in the Trincomalee Naval Base, which was utilized as recently as last year.

Daly said after the UN visit, the Sri Lankan government had questioned the officers the UN had met, in order to find out if the claim was actually true.
“Is this true? Is this the sort of thing still happening? Did the government sanction this? Was the government aware of this?” Daly spoke of the questions the new regime asked its own officers.

Prime Minister Ranil Wickremesinghe had denied the existence of the torture chamber when the issue was raised in parliament earlier this year.
“These are examples of the issues which the EU government is now discussing,” Daly said.

Earlier this year when Daly assumed duties, he had said that in addition to the human rights issues raised during the past regime—which had led to the cancellation of GSP Plus—the new regime would have to deal with the EU fishing ban issued this year.

Deputy Foreign Minister Dr. Harsha de Silva, who had been present then, said that the new fishing equipment would be equipped in November and an understanding will be reached in the human rights front, and the government will apply for GSP Plus immediately afterwards, regaining the facility by mid-2016.

Dr. de Silva recently reaffirmed the statement, after improvements were seen in both issues, which Daly too lauded this week following positive outcomes in a visit by an EU fisheries delegation last week and the UN resolution on human rights last month.

However, Daly reiterated that GSP Plus is a unilateral decision taken by the EU Parliament to provide duty-free access to developing countries, which follow all 27 international conventions, and the entire process may take up to eight months following the application submission.

He said that having issues, which recently propped up in the country being left unsolved, will adversely impact the application, and that Sri Lanka could lose the facility just as easily as it did in the past.

“All GSP Plus matters are continuous. Every year an evaluation is made by the monitoring mechanism. When the country is applying for the GSP Plus, they welcome the European Commission Officer warmly. After they get GSP Plus, they are not happy to see him,” Daly said.

He noted that the government will also have to change its pattern of thinking to regain GSP Plus.

“What they have in mind are discussions on T-shirts and other export products. However, my idea of discussions on GSP Plus is about torture, freedom of the media, the Prevention on Terrorism Act, the environment and other issues that flow from the 27 conventions,” Daly said.

Both Wickremesinghe and Dr. de Silva had said that the facility must be regained since the EU is Sri Lanka’s largest regional market. The EU made up 31 percent of Sri Lanka’s exports in 2014.

Therefore, Daly requested the apparel and other export companies, which will benefit from the facility, to lobby the government to tighten up its regulations in these matters.

“I want you to lobby for GSP Plus, not just due to your companies’ interests. Lobby the government by asking ‘What is the state of the human rights in the country’,” Daly said.

He said that GSP Plus is an objective tool. Dr. de Silva had said that it was due to the past government alienating the largest Western market in its foreign policy that the country lost GSP Plus.

“Measures taken under the GSP Plus must be taken for objective reasons, and not just because we want to help the country because of this government over that. That is not a justification of GSP Plus,” Daly said.

He said that the EU doesn’t expect Sri Lanka to be a perfect country, but wishes to see sustainable improvements in its domestic front. (CW) - See more at:
Back to top
Permissions in this forum:
You cannot reply to topics in this forum