Sri Lanka, Jan. 28 -- Given the impact of cyclone Ditwah, which caused US $ 4.1 billion damage, Sri Lanka is to seek redress from the European Union in its evaluation of the country's eligibility for GSP+ trade facility under the new criterion that will come into effect after 2027, an official said yesterday.

The market in the European Union (EU) currently absorbs more than 24 per cent of the country's total exports.

Sri Lanka is presently under observation by the EU authorities for the extension of the GSP+ (Generalised Scheme of Preferences Plus) trade facility under the revised criteria to take effect after 2027. As part of the process, Sri Lanka's overall performance in implementing 27 international conventions that it has already r...