Reply To:
Name - Reply Comment
Last Updated : 2024-04-24 17:01:00
The re-authorised US GSP will become active for Lankan exporters from April 22, according to a communiqué by Sri Lanka’s Industry and Commerce Ministry.
U.S. President Donald Trump re-authorised U.S. GSP facility for 120 beneficiary countries—which was not renewed in December 2017—when he signed the U.S. Omnibus Spending Bill on March 23.
His re-authorisation opens opportunities for around 5,000 products to be imported to the U.S. without tariff from 120 developing countries.
The U.S. has been the leading buyer of Lankan exports over the years and it continued its lead even last year.
Sri Lanka’s total exports to US last year stood at US$ 2.9 billion.
Apparel products are Sri Lanka’s biggest export item to the U.S. taking around 70-75 percent of annual exports. Total U.S.-Sri Lanka trade—both exports and imports—in 2016 was US $ 3.3 billion.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul