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Sri Lanka Equity Forum » Stock Market Talk » Is GSP good or bad for our country?

Is GSP good or bad for our country?

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1 Is GSP good or bad for our country? on Sun Apr 30, 2017 4:49 pm

Quibit

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Country and the stock market prospered without the GSP. GSP is a carrot dangled by the west to control its suppliers. As a country GSP could be changed through easy adjustment in the exchange rates instead of making it a political achievement.

Sri lanka will be required to imports 80% of the raw materials required for the industry byway of  fabric, trimmings, except labour. Sri Lanka will have more garment factory workers paid in rupees and most will be made by few industry giants and will be syphoned out or retained abroad. 

Accepting GSP as a country not only show ourselves as a poor/allied nation but likely to worsen our economic situation in the long run. Good Luck Sri Lanka.

2 Re: Is GSP good or bad for our country? on Sun Apr 30, 2017 5:14 pm

THUWA


Equity Analytic
Equity Analytic
First EU talked about quality control reason for the suspension of GSP plus concession to SriLanka. Now they are trying to influence the internal politics.
If they want to topple the present government they won’t hesitate to impose the GSP plus ban once again.

3 Re: Is GSP good or bad for our country? on Thu May 04, 2017 2:53 pm

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
They are very, even though I expected it, meddling raskle- the Europeans!

4 Re: Is GSP good or bad for our country? on Thu May 04, 2017 3:30 pm

kovida

avatar
Senior Equity Analytic
Senior Equity Analytic
@Quibit wrote:Country and the stock market prospered without the GSP. GSP is a carrot dangled by the west to control its suppliers. As a country GSP could be changed through easy adjustment in the exchange rates instead of making it a political achievement.

Sri lanka will be required to imports 80% of the raw materials required for the industry byway of  fabric, trimmings, except labour. Sri Lanka will have more garment factory workers paid in rupees and most will be made by few industry giants and will be syphoned out or retained abroad. 

Accepting GSP as a country not only show ourselves as a poor/allied nation but likely to worsen our economic situation in the long run. Good Luck Sri Lanka.
NONSENSE

5 Re: Is GSP good or bad for our country? on Thu May 04, 2017 5:08 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Yes we boycot Europe,US,Australia and deal with Somalia,Sudan,etc..

Only we will go to Geneva to complain against people elected government.

Smile Smile Smile

6 Re: Is GSP good or bad for our country? on Thu May 04, 2017 5:36 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
we no need GSP+. what 's that rubbish GSP+

PM and MY3 please arange free trade agrement with swasilanthe ekka. please thats is the best way. please PM. Please MY3


ane munge hati witharak. thawamath sinaha dakinawa. sihina dakinna nidahasa api dila thiyenawa.

apith balagena inne wathura tika rathwenakan thmai duwanna gahanne. kakulwanta. maha kakulawage indan podi eunta. thama UNP api gana kisima deyak danne naha.

MY3 nisai thawama berila inne. ehen signal damma gaman Kakulawanta denne nuwanna meadia eken  Very Happy Very Happy Very Happy Very Happy

7 Re: Is GSP good or bad for our country? on Thu May 04, 2017 5:56 pm

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Quibit wrote:Country and the stock market prospered without the GSP. GSP is a carrot dangled by the west to control its suppliers. As a country GSP could be changed through easy adjustment in the exchange rates instead of making it a political achievement.

Sri lanka will be required to imports 80% of the raw materials required for the industry byway of  fabric, trimmings, except labour. Sri Lanka will have more garment factory workers paid in rupees and most will be made by few industry giants and will be syphoned out or retained abroad. 

Accepting GSP as a country not only show ourselves as a poor/allied nation but likely to worsen our economic situation in the long run. Good Luck Sri Lanka.

Economist point of view what you said is correct. In few years EU seems to be collapsed as United Kingdom (UK) now in the process of exit from EU. France and Germany seem to be in the same path soon. France’s new presidential hopeful, Emmanuel Macron now even talk about the fraexit.

Some of the Sri Lankan products are comparatively high quality than the Indian or china’s products. If we increase the products quality (competitiveness) further and reduce the production cost, no need to depend on GSP plus. GSP plus concession receiving countries goods are comparatively cheaper than no GST plus receiving countries goods with in EU countries due to the GSP Plus tax concession.  

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