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Sri Lanka gets time on garment export threat –FT.com

[MISC, Friday, 30 October 2009 09:58 No Comment]

Colombo still has time to try to persuade the European Union not to suspend Sri Lanka’s trading privileges, a move that would damage its crucial garment export industry, a senior EU official said on Thursday.

Citing human rights violations, the EU is expected to suspend Sri Lanka’s access to Europe’s “generalised system of preferences plus” trading scheme by the end of this year but the measure may not take effect until June 2010, giving Colombo time to act.

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