Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» AAIC - Profit over one billion!!!!!
by wisdom79 Today at 7:36 pm

» Positive News
by Promoney Today at 7:24 pm

» Bansei Royal Resorts BRR up 23%
by Invest-Wise Today at 4:52 pm

» BIL පුපුරා යාමට ආසන්නයි
by Winner123 Today at 4:30 pm

» Market again heading to 4800? :D
by Ahcha Today at 3:38 pm

» RAL....RAL, Renuka Agri
by nirowat Today at 3:33 pm

» Massive Fraud At AEL subsidiry
by ThilinaM Today at 2:30 pm

» Just About Prima Glass – GLAS
by KOLAA Today at 1:18 pm

» LOOKOUT FOR SIRA
by Eugine Fernando Today at 12:51 pm

» SEMB.N predictions
by 4Corners Today at 10:14 am

» FORUM POLITICIANS
by CITIZEN Today at 10:10 am

» After Advanced level what is
by lankaspeaker Today at 9:57 am

» LOTUS TOWER economy
by CITIZEN Today at 9:55 am

» PRESIDENT ELECTION
by Ahcha Today at 7:21 am

» GOOD SHARES TO BUY
by Teller Yesterday at 11:23 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 7:56 pm

» Stupid fucking UNP and ranils ass hole economics
by samaritan Yesterday at 7:14 pm

» KAPI (MDT Walkers PLc)
by samaritan Yesterday at 7:12 pm

» Learn To Invest Yourself.
by Asoka Samarakone Yesterday at 5:56 pm

» DIVIDEND UPDATES Link
by Beta1 Yesterday at 3:12 pm

» lOFC definitely will hit 6/-
by Teller Yesterday at 1:04 am

» Renuka managemnt Treat SH as Trash
by Sanju121 Sun Sep 15, 2019 5:36 pm

» Blue Diamonds Voting & Non Voting
by Ahcha Sun Sep 15, 2019 6:35 am

» MULL trade up possibilities
by crs Sat Sep 14, 2019 7:22 pm

» MARA marai
by SECsux Fri Sep 13, 2019 6:22 pm

» SLTL REVALUATION OF ASSETS IS ON............
by Eng Krishantha Fri Sep 13, 2019 5:06 pm

» LIOC shares
by lakmal Fri Sep 13, 2019 12:47 pm

» JKH will touch 175 very soon
by Rare Fri Sep 13, 2019 11:10 am

» ඇවන්ගාඩ් අල්ලස් නඩුවෙන් ගෝඨාභය නිදහස්
by samansilva Fri Sep 13, 2019 12:25 am

» Invest AEL and TKYO return more than 30%...
by samaritan Thu Sep 12, 2019 5:15 pm

» Watch Out for MAL.X
by Cricketman Thu Sep 12, 2019 1:56 pm

» LOOKOUT FOR GLASS
by Sanju121 Thu Sep 12, 2019 1:02 pm

» NEXT RUN LDEV
by Sanju121 Thu Sep 12, 2019 12:28 pm

» BIL. N mandatory offer at Rs 6.80
by Equityinvestor Thu Sep 12, 2019 12:05 pm

» PAP vs RAL
by Teller Thu Sep 12, 2019 11:04 am

» RAL AND KZOO
by Ahcha Thu Sep 12, 2019 10:40 am

» Look PAP Amazing company
by reyaz Thu Sep 12, 2019 10:21 am

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by ThilinaM Thu Sep 12, 2019 9:56 am

» PIRAMAL GLASS (GLAS)
by Sanju121 Thu Sep 12, 2019 9:45 am

» AEL CAPITAL TRUST 24.50?
by samaritan Thu Sep 12, 2019 7:39 am

» Kzoo vs onal
by fireshelter Wed Sep 11, 2019 5:56 pm

» Still you can Enter to CFVF.N0000 :
by Trader321 Wed Sep 11, 2019 4:55 pm

» Only equity stocks are discussed here!
by reyaz Wed Sep 11, 2019 4:36 pm


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Sri Lanka to keep getting US, GSP trade benefits

Sri Lanka to keep getting US, GSP trade benefits

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
June 30, 2012 (LBO) - Sri Lanka will continue to receive preferential trade concessions after 'noteworthy efforts' were made by the state to address worker rights issue, US Trade Representative Ron Kirk has said.

Sri Lanka gets duty free export rights to 5,000 odd items including tires, activated carbon, rubber gloves, plastic products, and kitchenware valued at 135 million US dollar a year under a Generalized System of Preferences (GSP) to the US.

The scheme came under review after trade unions petitioned the US saying there were shortcomings in Sri Lanka's recognition of labour rights. The review has been closed with no change to benefits given to Sri Lanka, the US embassy said.

"The closure of the GSP country practice review of Sri Lanka was based on the Sri Lankan government’s noteworthy efforts to address worker rights issues over the past few years," US Trade Representative Ron Kirk said in a statement.

"This welcome outcome to the review demonstrates that GSP remains an effective tool for engaging GSP beneficiary countries on worker rights."

Sri Lanka's export processing zones were established in the late 1970s and early 1980s without union rights which were available elsewhere in the island, undermining rule of law.

A US embassy statement trade union facilitation centres have been established in three of the largest export processing zones, progress has been made in probing and resolving unfair labour practices cases.

Sri Lanka and the US will continue to engage on worker rights issue throug a newly established 'labour affairs committee' of the US - Sri Lanka Trade and Investment Council, the statement said.
http://lbo.lk/fullstory.php?nid=543360304

K.Haputantri

K.Haputantri
Co-Admin
Good news. ?What are the companies benifitted by this. Garments, rubber based products, what else?

sriranga

sriranga
Co-Admin
Sri Lanka gets duty free export rights to 5,000 odd items including tires, activated carbon, rubber gloves, plastic products, and kitchenware valued at 135 million US dollar a year under a Generalized System of Preferences (GSP) to the US.

http://sharemarket-srilanka.blogspot.co.uk/

Rizmi

Rizmi
Manager - Equity Analytics
Manager - Equity Analytics
Good for the economy..
Hope Honorable Minister Wimal Weerawansa wont go on a hunger strike protesting not to accept American GSP status . lol! Sleep

hashan2012

hashan2012
Manager - Equity Analytics
Manager - Equity Analytics
i think good news for OGL...................

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
good for the country........tjl may see some sharp movements in coming months with us consumer sentiments turning hawkish......hope to cash in on this one.... Very Happy let the market decide its direction... I love you

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum