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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka’s return to GSP+ hangs on EU vote tomorrow

Sri Lanka’s return to GSP+ hangs on EU vote tomorrow

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Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

  • Cabinet approves counterterrorism framework and criminal procedure code amendment; docs dispatched to Brussels

 
- See more at: http://www.ft.lk/article/611501/Sri-Lanka-s-return-to-GSP--hangs-on-EU-vote-tomorrow#sthash.iIqUH55H.dpuf

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
@Eugine Fernando wrote:

  • Cabinet approves counterterrorism framework and criminal procedure code amendment; docs dispatched to Brussels

 
- See more at: http://www.ft.lk/article/611501/Sri-Lanka-s-return-to-GSP--hangs-on-EU-vote-tomorrow#sthash.iIqUH55H.dpuf
EU did exert pressure on the SL govt to comply with certain conditions to be eligible for GSP+ and in response the govt has taken measures to get closer to expectations of the EU. In my opinion EU will not want to put the unity govt into difficulty nor like to see a change of regime. Hence, the GSP+ vote will be in favor of SL.

plsp1

avatar
Stock Analytic
Stock Analytic
Agree. It looks very likely that we will receive the green light for restoration of GSP+ concession. I have stated this point in my posts previously.

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