The first comprehensive guide for Sri Lankan exporters to the European Union (EU) under the GSP+ scheme has been released.
Issued by the country’s Ministry of Industry and Commerce, the guide explains relevant rules of origin applicable to apparel under the Generalised Scheme of Preferences Plus (GSP+) trade concession, which allows apparel exports from Sri Lanka to enjoy duty free access to the EU market. It also outlines relevant institutions in the EU and additional resources such as web portals where Sri Lankan exporters can obtain more information.
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Titled the ‘EU GSP+ Business Guide for Sri Lankan Exporters’, the manual has been produced by Geneva’s International Trade Centre (ITC) in collaboration with the Government of Sri Lanka and funded by the EU.
For the apparel industry, for example, the downloadable guide offers information on how Sri Lankan exports to the EU are currently performing, applicable rules of origin and labelling requirements, and chemical restrictions.
The guide also highlights the GSP Regulation enumerating the 27 conventions mentioned in Article 9 of the GSP Regulation including the core human and labour rights UN/ILO Conventions.
It stresses that exporters need to register with the Ministry of Industry and Commerce and the Department of Commerce (DoC) in order to export to the EU.
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By GlobalDataSri Lanka’s apparel sector is predicting exporters can generate an extra $400m to $500m in annual sales after the country regained GSP+ beneficiary status in May this year.
The guide can be downloaded here.
