Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* U.S. GSP program expires on Dec 31, not renewed for 2018
Fri, Dec 29, 2017, 07:03 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 29, Colombo: The United States' Generalized System of Preferences (GSP) program for Sri Lanka and other GSP beneficiary countries will expire on December 31, 2017 as the U.S. Congress has not re-authorized the program before adjourning for the year, the U.S. Embassy in Colombo said in a statement.

The immediate effect of GSP expiration is GSP eligible imports to the United States from Sri Lanka and other GSP beneficiary countries and territories will be subject to non-preferential duties beginning January 1, 2018.

"The United States is proud to serve as the top export market for Sri Lanka. According to the Global Trade Atlas, in 2016, the United States imported $2.8 billion of Sri Lankan goods," the statement said.

U.S. Customs and Border Protection's web site has a page dedicated to GSP program information with detailed information on importation procedures during a program lapse.

 

ColomboPage - Recent 10 Stories ::
ADB receives $12.6 million grant from We-Fi to promote Sri Lankan women entrepreneurs
-- [1 hour and 0 minutes ago]
Commonwealth Heads of Government Meeting 2018 opens at Buckingham Palace
-- [1 hour and 15 minutes ago]
Sri Lanka to give leadership for mangrove conservation in Commonwealth countries
-- [1 hour and 38 minutes ago]
Twelve suspects who assaulted foreign tourists in the South remanded
-- [2 hours ago]
Petroleum Minister says the government should decide raising fuel prices
-- [2 hours ago]
Special committee appointed to compensate vehicles damaged due to garbage dump collapse in Meethotamulla
-- [3 hours ago]
Iranian Speaker urges to boost industrial ties between Iran and Sri Lanka
-- [3 hours ago]
FAO recognizes Sri Lanka's Ellanga Gammana agrarian system as a Globally Important Agricultural Heritage System
-- [4 hours ago]
Five killed falling into an Ammonia tank in Sri Lanka rubber factory, manager arrested
-- [5 hours ago]
Sri Lanka Ports Authority's JCT records 15.3% growth in 1Q of 2018

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.