Home Street Fashion Sri Lanka’s €744 mn EU trade: Can GSP+ survive the 2028 test?

Sri Lanka’s €744 mn EU trade: Can GSP+ survive the 2028 test?

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Sri Lanka plans to reapply for EU GSP+ under the 2027 to 2036 framework, with preferences running until December 31, 2028 during transition.
Only 57.3 per cent of eligible Sri Lankan clothing imports used GSP+ in 2024, leaving €554 million outside the scheme.
Apparel exports fell 5.52 per cent in January to September 2026, while compliance, origin rules and sourcing flexibility shape renewal risks.Sri Lanka plans to reapply for EU GSP+ under the 2027 to 2036 framework, with preferences running until December 31, 2028 during transition.
Only 57.3 per cent of eligible Sri Lankan clothing imports used GSP+ in 2024, leaving €554 million outside the scheme.
Apparel exports fell 5.52 per cent in January to September 2026, while compliance, origin rules and sourcing flexibility shape renewal risks.