EU: Ministers Confirm Trade Agreement With Sri Lanka
EU Foreign Ministers have approved separate agreements with Sri Lanka and Bosnia for trade in textiles and clothing. According to an article in the European Report magazine, Sri Lanka has agreed to tie all its tariffs for textiles and clothing in the World Trade Organisation (WTO) at rates of 0 per cent for raw materials, 5 per cent for fibres and yarns, 10 per cent for fabrics and 17.5 per cent for clothing products.
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