EU ends fisheries ban from Sri Lanka, GSP+ next: Prime Minister

ECONOMYNEXT – The Council of the European Union had approved lifting a ban on fisheries exports from Sri Lanka and the country is now working getting GSP+ trade benefits, Prime Minister Rani Wickremesinghe said.

"With the ending of the ban by the EU, there will be more money coming to the hands of fishermen," Wickremesinghe told reporters in Colombo.

"We promised in 2014 that when Maithripala Sirisena became President, the fisheries ban will be lifted.

"We will also get back the GSP+ benefits."

Prime Minister Wickremesinghe said unofficial talks are ongoing with the EU to finalize a draft application to get back GSP+ free trade benefits.

He said in about two weeks the government expected to formally submit the application to the EU.

"With the GSP+ fishermen will get more benefits. Exporters of apparel, tea will also get more access to the EU (with lower duty)" he said.

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