Government
will file a fresh application to the European Union before June 2016
seeking reinstatement of the General System of Preference Plus (GSP+).
"We are very confident the new
application would be reinstate GSP+ by January 2017," State Minister for
International Trade Sujeewa Senasinghe today (March 30) said.
Addressing the weekly cabinet briefing, Minister assured the government will take every possible step to further develop existing industries such as tea, rubber, coconut and service industries. He also laid emphasis on heavy industries as a priority item of investment. Under these measures, the minister aims for a three-fold increase in overall export earnings.
Minister Senasinghe further described the efforts made by the Government to build a climate which is investor friendly for all investors. He described the new Government of Sri Lanka as being committed to good governance, rule of law and transparency.
He stated that the Sri Lankan economy was open to the world and to growth based on manufacturing, particularly in developing heavy industries such as automobile assembly.
-news.lk