Blog: Sri Lanka’s GSP+ is going...
Leonie Barrie | 17 February 2010
There are two lessons to be learned from the EU’s decision to remove Sri Lanka’s GSP+ trade benefits. The first, from a supplier point of view, is the proverbial “don’t put all your eggs in one basket.”
And the second is that it’s easy to forget the reason these countries get preferences is because they’re developing countries that need assistance. And that inevitably makes them more volatile as a supply base.
Retailers and exporters who have invested heavily in the country in recent years – encouraged by a combination of duty-free benefits, skilled workers, and good track record on ethical trading – now have some important decisions to make.
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