Sri Lanka To Regain EU Duty Free Import Status in 2017

COLOMBO, Sri Lanka – The European Union noted the progress made by Sri Lanka on the criteria for regaining its so-called GSP+ import duty free status for bicycles imported into the European Union. The GSP+ status safes bicycle exporters from Sri Lanka 14% EU import duty. In 2017 Sri Lanka is expected to again be granted this special status which made the country 5 years ago EU’s 3rd biggest bike supplying country.