Sri Lanka, June 23 -- Sri Lanka risks losing the GSP+ trade benefit, a special benefit enjoyed by Sri Lankan exporters for accessing markets in the European Union, because of the slow progress of reforms related to the Prevention of Terrorism Act (PTA), Joint Opposition Convener Prof. G. L. Peiris said yesterday.

Making remarks at the regular press conference, he said the current International Monetary Fund (IMF) Extended Fund Facility (EFF) would end in March next year, and the country was currently facing issues related to the flow of its foreign exchange revenue. He said that revenue from tourism and hard-earned remittances from expatriate workers had dropped.

Against the backdrop, he said GSP+ is a special benefit Sri Lanka enjoys ...