Sri Lanka's President Maithripala Sirisena (C) arrives for his swearing-in ceremony in Colombo January 9, 2015. REUTERS/Stringer
COLOMBO (Reuters) - Sri Lanka is likely to regain a lucrative European Union trade concession for garments exports, the government said on Tuesday, five years after the South Asian island nation lost the discount over its failure to address human rights concerns.
The Generalised Scheme of Preferences (GSP) Plus had helped the garment industry, Sri Lanka's second biggest foreign exchange earner after remittances, to benefit substantially with a 6-7 percent concession.
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