Sri Lanka to Lose Preferential Access to EU Market Starting August 15

July 8, 2010 by Barbara Chaves|International Sources

The European Commission has confirmed that Sri Lanka will temporarily lose its preferential access to the EU market, starting August 15, 2010. Though the European Council offered to delay its February 2010 decision to remove Sri Lanka's GSP+ status pending tangible and sustainable progress on a number of outstanding issues, the Commission has not heard anything from Sri Lankan authorities and is moving forward with the revocation.