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Sri Lanka to apply for GSP+ benefits in about two weeks: Fin Min

Feb 23, 2016 14:09 PM GMT+0530 | 7 Comment(s)

ECONOMYNEXT - Sri Lanka plans to apply for tax free preferential access to the European Union in about two weeks, Finance Minister Ravi Karunanayake said in Colombo after visiting Germany.

Sri Lanka's President Maithripala Sirisena visited both Germany and Austria last week.

Minister Karunanayake said a trade delegation from Austria was expected at the end of March and from Germany in the first week of May.

Firm covering renewable energy, waste disposal were interested in doing business in Sri Lanka he said.

A plant by Germany's Volkeswagen expected to be built in Sri Lanka has been delayed due to the firms problems over diesel cars but may start towards the end of 2016, Karunanayka said.