The EU welcomed Sri Lanka’s intention to present a plan for the lifting of the import restrictions, by June 2023.

Sri Lanka expressed its intention to phase out restrictions, factoring in the current economic situation. The EU and Sri Lanka agreed that the EU-Sri Lanka Investor Dialogue may take place at an early date, in Sri Lanka.

The EU presented the new EU GSP Regulation, which is expected to enter into force on 1 January 2024, for the next 10-year cycle. The EU informed that the report of the last EU GSP+ monitoring cycle 2020-2022 is expected to be released in the coming months

This was revealed in a joint EU and Sri Lanka press communiqué issued by the latter, following the 25th session of the Joint Commission, held in Colombo, the Sri Lankan delegation has briefed the EU of the cases before the Supreme Court in this regard