United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Stay Connected
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

Next quits Sri Lanka, exports to EU fall - report

Jul 4, 2010 7:14:11 PM - yahoo.com
The British clothing retailer, Next, has stopped sourcing its garments from Sri Lanka because of the uncertainty of the continuance of the GSP+ duty concession from the European Union, The Sunday Leader reported this week. The company has moved production to Bangladesh, an industry source told the paper. Meanwhile, exports to the EU fell 13% in the first quarter of 2010, a decline the Sri Lankan ...