Economy / Sri Lanka
Threat of GSP+ Suspension Rising
February 2010 | Economic AnalysisThe increasing threat of Sri Lanka being suspended from the European Union's Generalised System of Preferences Plus (GSP+) framework of preferential trade tariffs constitutes an upside risk to our forecast of a US$3.8bn trade deficit in 2010. However, strong remittance and foreign direct investment inflows should keep Sri Lanka's balance-of-payments position secure.
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