- Last Update 2026-04-04 19:34:00
No major GSP + gains for SL this year – Fitch
GSP + gains won’t impact Sri Lanka’s growth on a major scale this year but prospects in the long term are positive, says Fitch Ratings.
“There won’t be a major pickup in growth from GSP +,” Sagarika Chandra, Associate Director in Fitch’s Sovereign Ratings Team told reporters on Wednesday in Colombo. She said that Fitch's forecasts are based on demand from the European Union (EU). "We are also not taking a strong position on the GSP+ gains as Sri Lanka also has to compete with other countries," Ms. Chandra said noting that owing to adjustments that Brexit, United Kingdom's (the largest apparel market for the country) withdrawal from the European Union has to still make, factoring GSP+ gains for Sri Lanka is too early. (DE)
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