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.
You can share this post!
Content
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
Leave Comments