📈 Sri Lanka to Seek Continued EU GSP+ Trade Access: EDB

The Export Development Board (EDB) has confirmed Sri Lanka’s intention to apply for continued access under the next Generalised Scheme of Preferences Plus (GSP+) framework, identifying it as a critical pillar for the national export strategy. • Key Highlights: Strategic Move: EDB Chairman Mangala Wijesinghe stated that the GSP+ scheme remains extremely beneficial to Sri Lanka, and the country aims to maintain and expand preferential market access for exporters. Untapped Potential: The EDB notes significant untapped export potential still exists within the European market. Government Backing: Discussions with the country’s political leadership have yielded positive and encouraging signals to proceed with the application for the next phase of the EU trade preference regime. _Note: The announcement underscores Sri Lanka's focus on securing preferential access to sustain its key export sectors, though specific trade volumes or timelines for the next framework were not disclosed in the provisional statement._