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Sri Lanks's extension of GSP Plus to woo more FDI, increase fish exports February 19,2020   |  Source: Daily News

Extending of the GSP Plus concession to Sri Lanka until 2023, would not only increase fish exports to the European Union, but would also help woo more Foreign Direct Investments, said Minister of Fisheries and Aquatic Resources Development Douglas Devananda. Speaking to the ‘Daily News’ at the Lake House Board room after celebrating the anniversary of the publication of ‘Oruwella,’ a joint publication with the Ministry, Dinamina and the Thinakaran, he said that many EU investors would be at present keen to invest in boat building and fish processing industries.

The Minister said that he would visit the Oluvil Harbour which is now closed due to Sand dunes depositing at the entrance and take measure to reopen it. Devananda said that it had an abandoned high tech Fish Processing Plant built to international stamards and it must be activated as it could be used to export processed fish, which could be a major foreign exchange earner to the country. Secretary General /CEO of the National Chamber of Exporters of Sri Lanka, Shiham Marikar, said that the extension of EU concessions would largely help apparel exports and bring in more revenue. He stressed the need for Sri Lankan exporters to invest more in research and development to enhance value addition and adopt

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Years in Support of Small Scale Fishworkers (1986 - 2018)