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Regaining GSP+:
Great leap for apparel exports
The apparel sector which is expected to leap with
the anticipated regaining of the GSP+ facility will be the main
driver of the ambitious export target set to be achieved by 2020.
“We are confident that exports will reach new heights through an
increase in apparel exports and the benefit would trickle down to
sectoral workers by way of increased wages and clearing the backlog
of EPF and other dues,”
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GSP plus, a double-edged sword - Experts
The assurance given by the government that the
Generalised System of Preferences (GSP plus) trade concession will
be restored early next year was hailed by apparel exporters who are
eager to avail themselves of the zero duty export benefit to
increase export volumes and product lines. However, the GSP plus
concession could be a double-edged sword according to experts.
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Women to play critical role in economy - Rosy
Women are the backbone of s most economically
important sectors in the social market system and will play a
critical role in the economy in the future, State Minister of Child
Affairs Rosy Senanayake told Sunday Observer Business. The economy
will see a steep decline of 4% by 2020, unless the participation of
women in the labour force increases.
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Chambers call for harmony
The Joint Business Chambers and Organisation of
Professional Associations calls for fostering and guaranteeing
communal, racial and religious harmony during and after the
elections. The Ceylon Chamber of Commerce (CCC), the National
Chamber of Exporters (NCE), the Joint Apparel Associations Forum (JAAF),
the Ceylon National Chamber of Industries (CNCI),
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