Fabian Demicoli

SRI Lanka to lose preferential access to EU market

 The European Commission has confirmed that Sri Lanka will temporarily lose its preferential access to the EU market starting from 15 August 2010. The decision to withdraw the preferential tariff system GSP+ from the country had been taken by the Council of Ministers in February 2010.

Based on dialogue with the Sri Lankan authorities on shortcomings in its implementation of three UN human rights conventions, the EU had offered in June to delay the entry into force of the Council decision by a further six months. In exchange, it asked for tangible and sustainable progress on a number of outstanding issues. In the absence of a reply from the authorities in Colombo by 1 July, the Commission however decided this week that they were not in a position to table a proposal with a view to delaying the Council Decision.

More information on the GSP Plus and Sri Lanka is available directly on the DG Trade website: http://trade.ec.europa.eu/doclib/press/index.cfm?id=589

What we can do for you

INFORMATION POINT

BUSINESS SERVICES

MEMBERSHIP BENEFITS

LOCAL ISSUES & LEGISLATION

B2B NETWORKING EVENTS

LEGAL ADVICE

FUNDING ASSISTANCE

COURSES

BECOME A MEMBER

The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.

A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).