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Policy measures if GSP+ is reversed: Cabraal

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ECONOMYNEXT – Any reversal of the USD 500 million European Union GSP+ trade concession for Sri Lanka could be met and handled through policy measures if such a contingency arises, Central Bank Governor Ajith Nivard Cabraal said .

Sri Lanka risks losing the EU’s Generalized Systems of Preference Plus (GSP+) trade concession from April next year if the government does not take strong measures to address human rights concerns as promised when the facility was restored in 2017.

GSP+ helped the garments industry here to earn over five billion US dollar export revenue.

“We believe that the impact of any reversal could be met with the policy measures that we would take in such an event,” Cabraal told a press briefing on October 14 when he was asked the size of the GSP+ trade concession.

“Therefore we have assured all the stakeholders that we would be able to deal with that situation in case there is any need to do so and we would not hesitate to do that.”

Sri Lanka has had problems with rule of law and freedoms of citizen with the deterioration of the independence of the public service and judiciary over several decades amid tinkering with the constitution in favour of the state and rulers, critics have said.

Sri Lanka is a European style nation-state with a legislating parliament, standing army and police but the institutions of liberty that should stand between the armed state and the people have weakened according to freedom advocates.

The European parliament adopted a resolution on June 10 calling for the repeal of Sri Lanka’s Prevention of Terrorism Act (PTA) and inviting the European Union (EU) Commission to consider temporarily withdrawing access to GSP+ if this is not done.

A five-member European Union (EU) delegation reviewed the country’s human rights situation while discussing with all the stakeholders of GSP+ benefits. But there have been renewed concerns about the country’s human rights record.

The EU is the second largest export destination for Sri Lankan products, and GSP+ has helped exporters to consolidate their position.

Sri Lanka lost the GSP+ in 2010 due to alleged human rights violations including war crimes in the final stage of the 26-year war that ended in 2009.

However, the commitment by the previous government to the international community to address human rights concerns in 2015 helped the country to regain the facility.

Small and medium sector garments and outsourced industries related to garment exporters faced closure after the GSP+ was withdrawn in 2010, but the industry rebounded later even without the trade concession.



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Navy seize Indian fishing trawler, nine fishermen poaching in Sri Lankan waters

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The Sri Lanka Navy seized an Indian fishing trawler and apprehended nine Indian fishermen whilst engaged in illegal fishing having crossed the International Maritime Boundary Line (IMBL) in Sri Lankan waters North of Talaimannar on Wednesday  (22 July 2026). evening.

Over 50 Indian fishing trawlers had trespassed into the Sri Lankan waters South of Iranativu engaging in illegal fishing. During the operation, one Indian fishing trawler was seized, while nine Indian fishermen on board were taken into custody

The apprehended fishermen and the seized trawler were handed over to the Fisheries Inspector of Mannar for onward legal proceedings.

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United Opposition moves to halt interference with judicial independence

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By Saman Indrajith

Leaders of all Opposition parties are scheduled to meet today (23) at the Opposition Leader’s Office, on Sir Marcus Fernando Mawatha, Colombo, to discuss future action against the proposed extension of the retirement age of superior court judges, which, they describe, as growing threats to judicial independence.

The special meeting has been convened by Opposition and SJB Leader Sajith Premadasa amid escalating tensions between the government and the Opposition over issues relating to the judiciary.

According to the Opposition Leader’s Office, the meeting is intended to formulate a collective response to, what it termed, a crisis facing the judicial system, alleging that arbitrary actions by the government have posed a serious challenge to the proper functioning and independence of the judiciary.

Former President Ranil Wickremesinghe, former President Maithripala Sirisena, former Prime Minister Dinesh Gunawardena, Sri Lanka Podujana Peramuna National Organiser and MP Namal Rajapaksa, Joint Opposition Convener Prof. G.L. Peiris, and leaders and representatives of all Opposition parties, are expected to attend.

The Opposition Leader’s Office noted that the meeting will mark the first occasion on which Wickremesinghe will visit the Opposition Leader’s Office, since Premadasa assumed office as the Opposition Leader.

The development follows an urgent meeting of Opposition MPs, chaired by Premadasa, at the Opposition Leader’s Office in Parliament yesterday after the government declined to permit a parliamentary debate on matters relating to the judiciary.

Opposition sources said that at the previous Party Leaders’ Meeting, Opposition parties had requested a debate, based on democratic principles, the tripartite system of government, comprising the Legislature, Executive and Judiciary, the separation of powers, and the system of checks and balances. However, the government had not agreed to allocate time for such a discussion.

Opposition MPs argued that issues affecting judicial independence should be openly debated in Parliament and warned that preventing such discussion could undermine democratic governance and accountability.

Addressing the meeting, Premadasa said the refusal to allow a debate on judicial matters was a setback to democratic principles and discussed with MPs the parliamentary and political measures to be pursued in response.

Among those present at yesterday’s meeting were MPs Rohini Wijeratna, Chithral Fernando, V. Radhakrishnan, Chaminda Wijesiri, Gayantha Karunathilaka, J.C. Alawathuwala, Sujith Sanjaya Perera, Kavinda Jayawardana, Chathura Galappaththi, Kabir Hashim, Ravi Karunanayake, M.S.A. Wazeed, Rohana Bandara, W.H.M. Dharmasena, B. Ariyawansa, Dayasiri Jayasekara, Anuradha Jayaratne, Harsha de Silva, Rishad Bathiudeen, Rauff Hakeem, Archchuna Ramanathan, Nizam Kariapper, M.S. Uthumalebbe, Chanaka Madugoda, Suranga Ratnayake and Selvam Adaikkalanathan.

The Opposition meeting today is expected to decide on a coordinated strategy, both inside and outside Parliament, regarding the proposed extension of judges’ retirement age and broader concerns over the independence of the judiciary.

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PM labels seven Presidential Houses white elephants ; govt. to make them commercially viable

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Dr. Amarasuriya

By Saman Indrajith

Prime Minister Dr. Harini Amarasuriya yesterday told Parliament that the government was considering commercially viable uses for seven Presidential Houses across the country, while continuing to bear the cost of maintaining the properties until such plans are implemented.

Responding to a question raised by Badulla District SJB MP Chaminda Wijesiri, the Prime Minister said Sri Lanka currently has seven Presidential Houses located in Colombo, Kandy, Nuwara Eliya, Kataragama, Anuradhapura, Mahiyangana and Bentota.

She identified the properties as the President’s House on Janadhipathi Mawatha, Colombo 1 and the ones located at Hill Street, Kandy; on Kandy Road, Nuwara Eliya; Kirivehera Road, Kataragama; in Old Town, Anuradhapura; in Mahiyanganaya; and in Bentota.

Providing details of maintenance and repair expenditure incurred on the properties from 2018 to date, Dr. Amarasuriya said the Government had spent Rs. 125 million in 2018, Rs. 77.2 million in 2019, Rs. 34.7 million in 2020, Rs. 28.8 million in 2021, Rs. 25.6 million in 2022, Rs. 37.4 million in 2023, Rs. 24.4 million in 2024 and Rs. 10.5 million in 2025.

Expenditure for the first six months of 2026 amounted to Rs. 3.04 million, she said.

The Prime Minister said a committee had been appointed in terms of a Cabinet paper submitted by the Ministry of Public Administration, Provincial Councils and Local Government and a subsequent Cabinet decision to examine options for the future use of the properties.

She said the committee had already submitted its recommendations, which include converting the premises into commercially viable ventures.

According to the Prime Minister, some former Presidential residences have already been converted into courthouses, while others are expected to be used for economically productive purposes.

“The government has to spend funds to maintain Presidential palaces until they are put to economically viable use,” Dr. Amarasuriya told Parliament.

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