GSP+ setback triggers ambitious garment export pronouncements

[TamilNet, Tuesday, 28 December 2010, 03:44 GMT]
The Sri Lankan Government said it has plans to increase the total export of garments to US $4 billion by the year 2015, the state owned Dinamina newspaper said. The article comes at a time when the industry is suffering from the setback from GSP + concession termination for Sri Lanka by the European Union due to Sri Lanka's failure to EU set human rights standards.

According to the article, Sri Lanka’s economy is now burgeoning in the Asian region, and therefore, the government is looking at increasing garment exports in the coming years in its attempt to achieve the announced garment export target.

The article also said that discussions are underway with interested foreign buyers to increase garment exports from Sri Lanka, to achieve this target.

The Sri Lanka Garment Buying Officers Association (SLGBOA) Secretary Hiran Bandaranaike said earlier that if the GSP+ status is not restored in the near future, Sri Lanka stands to lose millions of dollars worth of apparel exports to the 27–nation EU market and the livelihood of thousands of apparel sector workers are at stake, as the withdrawal of the privileges is expected to affect large number of factories.

The garment industry is a major part of Sri Lanka’s economy, taking up 46% of its total exports and 67% of its total industrial production. For Sri Lanka, the United States and Europe are its most important markets, with big name buyers such as Victoria’s Secret and Vanity Fair purchasing a total of 95% of the garment industry’s exports. The garment industry employs 350,000 workers directly and another 750,000 indirectly.


Related Articles:
18.11.10   ‘Quiet diplomacy’ does not work with Sri Lanka – Tissainayag..
30.09.10   22 US, UK cities hold Sri Lanka boycott campaign
15.07.10   Central Bank Governor unperturbed amid threat of GSP+ loss
04.07.10   NEXT quits Sri Lanka, exports to EU fall - report
24.06.10   EU puts 15 conditions to extend GSP+ trade concession to Sri..
20.05.10   British MPs call for war crimes probes at Mu’l’livaaykkaal R..
06.05.10   EU demands release of Fonseka, Colombo told
28.09.09   US Group opposes GSP+ extension


External Links:
ILR: GSP+ Concession Removed from Sri Lanka Negatively Impacts Garment Industry
ST: Garment buyers urge early dialogue on restoration of GSP +

 

Latest 15 Reports
12.10.19 22:23   Photo
Monks step up campaign against Muslims, want to carve out Sinhala colony in Ampaa'rai
11.10.19 22:07   Photo
Vote for Self-Determination, reject major candidates for more effective boycott
10.10.19 23:31   Photo
SL Police intensifies restrictions on Saiva devotees at disputed ‘chaitya’ hilltop in East
09.10.19 20:17  
Indian Coast Guard trespassed into waters off Jaffna, 18 fishers detained since 03 October
08.10.19 18:43  
Divisional Secretary, TNA MPs must act to release Chegnchoalai lands: civil activist
07.10.19 23:12   Photo
Heinous act by HRCSL: former orphans of Chegnchoalai on the brink of losing lands
06.10.19 12:21  
EPDP joins Jaffna protest against desecration of Neeraaviyadi temple
05.10.19 22:06  
Families inheriting lands from parents refused of land registration in Moothoor East
04.10.19 21:50  
SL Archaeology, Police continue to disturb Tamils’ right to worship at Vedukku-naa'ri hilltop
03.10.19 19:16  
Raghavan plans to distribute uncultivatable lands to Tamils to compensate for loss of fertile lands
02.10.19 22:28   Photo
No place for human rights in China’s white paper for future world
01.10.19 18:26  
Genocidal Sri Lanka hits back at UN, claims it passed ‘litmus test’ on human rights in 2019
30.09.19 20:49  
SL military, police, traders, exert pressure on civil authorities in Mannaar to alienate lands
29.09.19 18:19  
No to alternative lands, original lands must be released with compensation, say Tamil activists
28.09.19 13:24   Photo
SL State-owned paper refuses to publish condemnation issued by Hindu Congress
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=33285