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US trade delegation talks successful

Aug 4, 2010 4:49:59 AM - itnnews.lk

The visit by a US trade delegation has been very productive. The delegation visited Sri Lanka to review its GSP process.

Speaking to newsmen at the conclusion of a two-day visit by a team of US government officials US Assistant Trade Representative for South Asia Michael Delaney said they had very cordial and productive meetings during their visit to Sri Lanka with the Government, union leaders, company representatives, and other interested parties. He commented that the delegation was encouraged by the meetings with the Sri Lankan groups. He said they will continue their collaborative process of dialogue and looked forward to working together on labor rights in Sri Lanka.

Delaney has said that there have been some media reports which have mischaracterized the United States Generalized System of Preferences (GSP) review process and he would like to clarify the statements. He empphasised that the US GSP program is wholly independent of any other countries’ review. He was quoted in a news release issued by the US Embassy in Colombo that their GSP review is solely focused on labor rights. In addition, the GSP trade benefits continue during the ongoing review process.

The United States GSP program is designed to promote economic growth in the developing world, providing duty free treatment for over 3,400 products from 131 designated beneficiary countries and territories, including Sri Lanka.