EU asks Sri Lanka to notify import controls to the WTO
ECONOMYNEXT – The European Union has asked Sri Lanka to notify the World Trade Organization of the import controls imposed in 2020, at an annual joint commission meeting conducted online.
The EU had provided unilateral trade concessions at the GSP+ scheme.
“.. [T]he EU also stressed that open and fair trade requires a level playing field, and expressed its strong concerns about Sri Lanka’s import restrictions imposed since April 2020, following COVID, which have a negative impact on European businesses,” a statement said after the January meeting.
“The EU urged Sri Lanka to notify these measures to the World Trade Organisation.”
The EU and Sri Lanka committed to further enhance the regular EU-Sri Lanka Investor Dialogue to address impediments affecting trade and investment from the EU.
The EU had also asked Sri Lanka to amend the Prevention of Terrorism Act in line with international standards.
Sri Lanka had confirmed its intention to re-visit the provisions of the PTA to make changes.
Sri Lanka had also reaffirmed the commitments made to effectively implement the 27 international Conventions covered by the GSP+ scheme on human and labour rights, environment and good governance.
The EU had also called for fostering reconciliation, justice, accountability and peaceful coexistence among Sri Lanka’s diverse communities.
The European Union and Sri Lanka explored possibilities for future cooperation on climate change, in particular on the implementation of the Paris Agreement. (Colombo/Jan31/2021)