Tuli Cooray, Secretary General, Joint Apparel Association says, the resolution adopted by the EU commission to withdraw Sri Lanka’s GSP+ status might lead to a 12 per cent increase in Sri Lanka’s exports to the EU. In 2020, Sri Lanka’s apparel exports declined 21 per cent to $ 4.4 billion after increasing 5.1 per cent in 2019. This year, the industry aims to export apparels worth $6 billion. The withdrawal of GSP+ status might make achieving this target difficult for Sri Lanka, adds Cooray.

The textile and garment industry is the most significant and dynamic contributor to Sri Lanka’s economy, accounting for nearly 45 per cent exports. Corray says, his association will request the government to ensure that the GSP+ status is not withdrawn. JAAF also plans to discuss it with other export sectors that enjoy GSP+ benefits and make submissions as a joint effort, he adds.

The EU resolution urges the Commission and the European External Action Service (EEAS) to use the preferential trade concessions as leverage to push for advancement on Sri Lanka’s human rights, and demand the repeal or replacement of the PTA.