Sri Lanka, March 20 -- Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union's Generalised Scheme of Preferences Plus (GSP+) more significant for small exporters such as Sri Lanka. With a reported visit by EU representatives to assess GSP+, it is important to note that in the absence of the current tariff preferences, Sri Lanka will facea tariff increase up to Most Favoured Nation (MFN) levels, likely resulting in export losses and associatednegative labour market effects.
IPS' latest study titled "Who Stands to Lose? The Effects of GSP+ Withdrawal on Sri Lanka's Exports and Labour Force," by IPS Researchers Dr Asanka Wijesinghe, Chaya Dissanayak...