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Leading News from Sri Lanka ::
Oct 30, Colombo: The Central Bank of Sri Lanka presented an evaluation on the impact of losing the European Union trade concession, the Generalized Systems Preference plus (GSP+) scheme from a risk management perspective to the media Thursday (29).
Presenting the facts about the GPS+ facility Governor of the Central Bank said with a proper focus and preparation Sri Lanka can face the GSP+ risk. The government has already taken measures to manage the risk, he said.
The tariff concession Sri Lanka received last year was only 78 million Euros and if lost there is no loss to the exporter and the Bank will absorb the loss he said.
The complete presentation can be found here.
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