United States' GSP programme to expire in Dec; Lanka and other beneficiary countries to be subject to non preferential duty

News

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.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 426 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

May 26, 2025

- 336 - 0

Thousands pay last respects to Malini Fonseka, funeral today

June 2, 2025

- 271 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

May 29, 2025

- 241 - 0

Mahindananda and Nalin Fernando Jailed

Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.

June 2, 2025

- 238 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 30, 2025

- 228 - 0