Sri Lanka, June 22 -- Sri Lanka has a significant opportunity to expand trade under its preferential GSP Plus access to a market of 450 million people, Carmen Moreno, Ambassador of the European Union to Sri Lanka opined at a panel discussion on "Strengthening Belgium-Luxembourg-Sri Lanka Economic Cooperation: Trade, Investment and Sustainable Growth" held in Colombo Port City on Friday (19)

She however cautioned that stronger reforms and delivery are essential to unlock Sri Lanka's full potential.

"The European Union has given a big opportunity to the country, by opening the market. The GSP Plus access is only in the hands of six countries in the world, and Sri Lanka is one. Europe is the biggest trading bloc in the world. But when look...