News

    By Chandeepa Wettasinghe
    The Sri Lankan apparel sector finally appears to have started realizing the benefits of the recently reinstated Generalized System of Preferences Plus (GSP Plus) facility with the European Union (EU) with double digit growth in exports, while the exports to the US market too saw an uptick.

    • Indonesia, Thailand and Malaysia selected under new measure
    • Exporters predict earnings will hit $ 5 b this year, expect higher revenue in 2018
    • Wants to target Germany and other EU countries to offset Brexit impact
    • Hails liberalisation measures and legal reforms outlined in Budget 2018

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