Sri Lanka, June 1 -- EU urges Sri Lanka to fully leverage GSP+ trade concessions and accelerate reforms

Sri Lanka received strong encouragement from the European Union (EU) to pursue continued preferential market access under the next Generalised Scheme of Preferences Plus (GSP+) framework, alongside a note that the country failed to fully capitalise on the trade concession over the past decade.

The period before the next GSP+ reapplication process should be used by Sri Lanka to accelerate reforms, attract investment, and strengthen industrialisation. EU Ambassador to Sri Lanka and the Maldives Carmen Moreno shared these insights at the Sri Lankan-German Business Forum 2026 in Colombo. She expressed a firm belief that countries like Sri...