FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» COCR IN TROUBLE?
by D.G.Dayaratne Yesterday at 9:31 am

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by bkasun Tue Apr 30, 2024 8:48 pm

» EXPO.N - Expo Lanka Holdings De-Listing
by eradula Tue Apr 30, 2024 3:21 pm

» Maharaja advise - April 2024
by celtic tiger Tue Apr 30, 2024 12:01 am

» Srilanka's Access Engineering PLC think and Win
by Dasun Maduwantha Mon Apr 29, 2024 11:40 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by ErangaDS Fri Apr 26, 2024 10:24 am

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Fri Apr 26, 2024 10:22 am

» ‘Port City Colombo makes progress in attracting key investments’
by samaritan Thu Apr 25, 2024 9:26 am

» Mahaweli Reach Hotels (MRH.N)
by SL-INVESTOR Wed Apr 24, 2024 11:25 pm

» THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)
by SL-INVESTOR Wed Apr 24, 2024 11:23 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by ddrperera Wed Apr 24, 2024 9:09 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:40 am

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:38 am

» LOLC FINANCE PLC (LOFC.N0000)
by Beyondsenses Wed Apr 24, 2024 10:20 am

» SRI LANKA TELECOM PLC (SLTL.N0000)
by sureshot Wed Apr 24, 2024 8:37 am

» Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan Mon Apr 22, 2024 9:28 am

» Construction Sector Boom with Purchasing manager's indices
by rukshan1234 Thu Apr 18, 2024 11:24 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by Anushka Perz Wed Apr 17, 2024 10:30 pm

» Sri Lanka: China EXIM Bank Debt Moratorium to End in April 2024
by DeepFreakingValue Tue Apr 16, 2024 11:22 pm

» Uncertainty over impending elections could risk Lanka’s economic recovery: ADB
by God Father Tue Apr 16, 2024 2:47 pm

» Sri Lanka's Debt Restructuring Hits Roadblock with Bondholders
by God Father Tue Apr 16, 2024 2:42 pm

» BROWN'S INVESTMENTS SHOULD CONSIDER BUYING BITCOIN
by ADVENTUS Mon Apr 15, 2024 12:48 pm

» Bank run leading the way in 2024
by bkasun Sun Apr 14, 2024 3:21 pm

» ASPI: Undoing GR/Covid19!
by DeepFreakingValue Thu Apr 11, 2024 10:25 am

» Learn CSE Rules and Regulations with the help of AI Assistant
by ChatGPT Tue Apr 09, 2024 7:47 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

US GSP probe resumes in Jan.

Go down  Message [Page 1 of 1]

1US GSP probe resumes in Jan. Empty US GSP probe resumes in Jan. Sun Dec 18, 2011 2:34 am

CSE.SAS

CSE.SAS
Global Moderator

Hearing in a public petition filed by an umbrella of US labour unions challenging the Sri Lankan government’s failure to allow unions within the export processing zones and outside, resumes in Washington next month, officials said.The petition filed by AFL-CIO (American Federation of Labor and Congress of Industrial Organizations) urges the US government to stop GSP benefits to Sri Lanka unless the situation improves as per freedom of association, collective bargaining and acceptable conditions of work.

“Yes the hearing will resume on January 24,” Tim Ryan, Regional Programme Director of the US-based Solidarity Centre, told the Business Times on the sidelines of a 4-day visit and discussion in Doha this week by migration specialists from Asia.The hearing is a resumption of a process that began after the US government accepted for review the AFL-CIO petition in mid 2010 and held a public hearing in Washington in August of the same year. However the review ended (temporarily) when the GSP benefits law was not automatically extended by the US Congress in December 2010 and required to be ‘re-authorised’, which was said to be a formal process. Then in late October, the bill was approved again allowing Sri Lanka and 129 other countries to receive these benefits starting in January 2012. With that, hearing in the petition also automatically resumed.

Mr Ryan, whose organization is part of AFL-CIO and who was present at the August 2010 hearing, said the probe panel has representatives from the US Trade Department, State Department and the Department of Labour. At the last hearing in Washington which lasted about 90 minutes, he said, the Sri Lankan government made an impressive presentation against the allegations. Leslie Devendra, a veteran pro-government trade unionist who appeared in support of the Sri Lankan government, denied the allegations in the petition but also agreed that formation of unions and working hours were still a problem.

These public hearings sometimes take months or years, during which the ‘accused’ country continues to receive the GSP benefits. The January 24 hearing is also for petitions against Bangladesh and Georgia.

The petition against Sri Lanka is a revival of a petition filed by AFL-CIO in 2002 with the exception that the latest one includes formation of unions outside the zones. A review of the 2002 petition was suspended after a few elections to unions were held in the zones.

While the review of the petition didn’t take place for the whole of 2011, there has been some progress in improving the situation in zones and outside. Labour industry officials in Colombo said that there have been several visits by US Trade Department representatives, the government has increased fines against labour violations and opened facilitation centres for workers.

These centres can be used with Board of Investment permission but are yet to be tested by unions as to their effectiveness. Trade union sources, reached by telephone from Colombo, said the AFL-CIO petition though filed in 2008 was not accepted (then) for review. It was eventually accepted by the Trade Office for review only after the war ended in May 2009.

“There was a feeling that (some) US officials were reluctant to proceed with the petition with a war going on,” one trade union source said, adding: “The situation however changed when the government began firming relations with China, Iran and Burma.”

Meanwhile in Colombo, the US embassy issued a statement saying the exporters can file claims for a refund of duties paid on GSP-eligible goods by April 18, 2012. During the whole of 2011, exporters paid normal duties for goods that are entitled to GSP concessions on the basis that once the facility is approved, they would receive a refund of these payments.

http://www.sundaytimes.lk/111218/BusinessTimes/bt01.html

Back to top  Message [Page 1 of 1]

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