EU, Lanka annual trade volume exceeds US$ 5 b
Daily News - 04/01/2014By Chaminda Perera
Sri Lanka will continue to receive the benefit of the European Union (EU) GSP facility for another 10 years beginning from January this year, Industry and Commerce Minister Rishard Bathiudeen said yesterday.
He said the EU has been Sri Lanka’s largest trade partner next to the United States and the bilateral trade volume exceeds US $ 5 billion a year.
“Total trade between Sri Lanka and EU which was at US $ 3 billion in 2004 rose to US $ 4,946.18 million in 2012. Apparel, diamonds, tea and rubber products became the major export items,” he said.