On Wednesday 11 January, the European Commission proposed granting trade preferences to Sri Lanka again under the EU's Generalised System of Preferences Plus (GSP+) that is linked to efforts on human rights, sustainable development and good governance.
These unilateral trade preferences would result in the total removal of customs duties on 66% of tariff lines for Sri Lanka's exports, covering a wide range of textile and fisheries products.
In return, Colombo would commit to ratifying and...