Sri Lanka, March 19 -- EU to introduce new guidelines effective from 2027

Procedure for quick withdrawal of facility in case obligations not fulfilled

With a delegation from the European Union expected at the end of next month, the government is hard-pressed for the fulfilment of obligations including the repeal of the Prevention of Terrorism Act and the amendment of the Online Safety Act to qualify for the Scheme of Preferences Plus (GSP+) under the new guidelines being worked out, Daily Mirror learns from diplomatic sources.

The government is also required to improve anti-corruption measures.

European Union is revising the criterion for beneficiary countries to qualify for GSP+ starting from 2027.

GSP+ is a special incentive arrang...