CCC to discuss Sri Lanka’s eligibility for Norway’s GSP+
Since January 1st this year Sri Lanka has become eligible to the new Generalized System of Preference plus (GSP+) facility introduced by the Government of Norway and the Ceylon Chamber of Commerce (CCC) has invited members to learn more about the facility.
The CCC will hold a seminar on expanding Sri Lanka’s exports under the Norway GSP+ on August 8 from 2.30 pm to 5.00 pm at the Chamber’s auditorium at Navam Mawatha in Colombo.
According to the CCC, the new facility has deepened the product coverage and widened the concessions and provides an opening for lower middle income countries to diversify their exports.
With the introduction of Norway GSP+ facility, Sri Lanka is entitled to enjoy duty free access for all industrial products, including all textile items.
Sri Lanka’s exported Rs. 2.5 billion worth products last year to Norway and nearly 40% of the exports were textiles and Apparel.
The facility also provides 50%-100% margin of preference on selected agricultural products which will be of benefit for certain agricultural exports from Sri Lanka.