SHARE

The United States’ Generalized System of Preferences (GSP) program will expire on December 31, 2017, the US Embassy in Colombo said in a media statement.

As of now the United States Congress has not re-authorize GSP and as such previous GSP eligible imports to the United States from Sri Lanka and other beneficiary countries and territories will be subject to non-preferential duties beginning January 1, 2018.

The United States according to the statement has serve as the top export market for Sri Lanka. According to the Global Trade Atlas, in 2016, the United States imported $2.8 billion of Sri Lankan goods.

LEAVE A REPLY

Please enter your comment!
Please enter your name here