Sri Lanka Garment Industry Appealed To EU To Change GSP + Preferential Policy
The clothing industry in Sri Lanka expressed concern that if the recent budget proposal to increase electricity tariffs by 9.5% from next month will lead to further deterioration of the already difficult garment industry.
Because of the end of the GSP + preferential policy, the garment industry has suffered losses.
In addition, other factors, such as cotton,
polyester
Higher prices, higher freight rates, fluctuating exchange rates, and competition from other countries in using GSP + preferential policies to compete with Sri Lanka make the Sri Lanka garment industry even worse.
Now, in addition to the above difficulties, if we raise the electricity price again, we are already in a predicament.
Garment industry
It will further deteriorate and may even be permanently closed.
Therefore, the clothing industry strongly opposed the proposal to raise the electricity price.
Many countries, such as Bangladesh, Vietnam and Pakistan, initially lag behind Sri Lanka in terms of clothing trade. Now, after the abolition of GSP + (GSP+) tax reduction measures in August this year, they have become a strong competitor in Sri Lanka.
Modifying GSP + preferential policies is the only way to revitalize Sri Lanka's national garment industry.
If it is made in China
product
With a 9.6% tax rate, buyers will buy more products from Sri Lanka than others.
The clothing industry appealed to the government to sit down again and discuss with the European Union the GSP plus preferential policies.
- Related reading
India General Administration Of Foreign Trade Will Begin To Take Over The Cotton Export Contract.
|Burma'S Foreign Trade Volume Has Exceeded US $8 Billion 800 Million In 8 Months.
|- Star Design | 2013Sbs Great Reward Attracts Attention
- Women's wear | Naeem Khan Released 2014 Early Autumn Women'S Wear Series
- Mall Express | Fast Fashion Brand H&M And UNIQLO Formally Cooperate With Zibo Colorful City For The First Time.
- Fashion item | Hot Winter Vogue Skirts And Coat To Wear Back Ancient Literature And Art Model
- Colorful circles | 圍巾圍脖齊齊上陣 塑造暖暖新造型
- Star wardrobe | "Love Apartment 4" Is About To Launch Lou Yi Xiao'S Latest Modeling.
- Fabric accessories | The Development Plan Of Bio Based Fiber Materials Is Evaluated.
- Visual gluttonous | Wu Jing And Xie Nan Announced That The Couple'S Sweetheart Was Sweet.
- Trend of Japan and Korea | Korean Style Winter Dress Show Let MM Display A Thousand Gold Fans.
- Popular this season | Fur Design Is Very Popular To Wake Up The Winter Sleepy Vision.
- Shishi Printing And Dyeing Industry Is Making New Efforts.
- Shoe Industry Province Emerges In The Market &Nbsp, And Shoe Companies Will Be Able To "Run Fast" When They Go Public.
- Christmas To Force: Rising Consumption Of Clothing And Luxury Goods In The US
- US Senators No Longer Support Philippines'S Clothing Bill.
- 廣東鞋業成本快速上漲 通貨膨脹成主因
- European Luxury Brand Austin: Low Profile And No Publicity
- No Collar Cardigan &Nbsp; Workplace Women'S Favorite
- 美國棉業舉辦“你是棉花新娘嗎？”大賽
- 銀川市工商所查獲案值近50萬元的假冒鞋
- Cotton Review: Near Rise And Fall &Nbsp; March Cotton Innovation High