Colombo, July 21 (newsin.asia) – Export of travel goods from Sri Lanka will get duty free entry to the United States following a decision by the US to approve the inclusion of travel goods from all GSP (General System of Preferences) beneficiary countries, the Foreign Ministry said here Friday in a statement.
The move would enable the duty-free entry of products such as bags, wallets and backpacks in to the US market after being previously charged 6 to 20 percent of tariff.
“Following this concession, Sri Lanka’s travel goods exports to the United States will have the potential to regain the market share previously enjoyed by Sri Lanka by making the country among top 10 suppliers to the US market, once again,” the Foreign Ministry said.