On Wednesday 17 May, the European Commission announced that from 19 May the EU would grant trade preferences to Sri Lanka under the Generalised Scheme of Preferences (GSP+).
These unilateral preferences will result in the full removal of duties on 66% of the EU's tariff lines, covering a wide array of products exported by Sri Lanka including textiles and fisheries. In return, Colombo will have to ratify and implement 27 international conventions on human rights, sustainable development...