- Last Update 2024-09-03 15:23:00
United States' GSP programme to expire in Dec; Lanka and other beneficiary countries to be subject to non preferential duty
The United States’ Generalized System of Preferences (GSP) program will expire on December 31, 2017, the US Embassy said in a media statement. As of now the United States Congress has not re-authorize GSP and as such previous GSP eligible imports to the United States from Sri Lanka and other beneficiary countries and territories will be subject to non-preferential duties beginning January 1, 2018.
The United States according to the statement has 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.
-
Still No Comments Posted.
- August 31, 2024 - 177 - 0
CPC reduces fuel prices
The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
- August 27, 2024 - 169 - 0
CBSL Governor warns reversal of reforms could trigger new crisis
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
- August 28, 2024 - 152 - 0
President opens Sri Lanka’s first LNG power plant
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
Related Articles
Sri Lanka partners with China to enhance cybercrime control measures
- 03/09/2024 - 30 - 0
Dubai no longer safe destination for Lankan Criminals
- 03/09/2024 - 41 - 0
Karunarathna Paranawithana takes oaths as an MP
- 03/09/2024 - 26 - 0
Heavy showers over 100mm expected in some areas - Met Dept
- 03/09/2024 - 34 - 0
Leave Comments