Sri Lanka trade body warns new laws could risk EU GSP+ benefits

ECONOMYNEXT – Sri Lanka’s private sector trade body has submitted its observations on the proposed Protection of the State from Terrorism (PST) bill, it said, and is finalising its views on the proposed Prevention of Organised Crime bill.

The Ceylon Chamber of Commerce called for a careful review of recent draft legislation to ensure that it provides clear definitions, appropriate judicial oversight, and adequate due process safeguards.

“Such measures are essential to maintaining investor confidence, legal certainty, and Sri Lanka’s reputation as a predictable and rules-based destination for trade and investment.”

The chamber emphasised the importance of preserving Sri Lanka’s continued access to the European Union’s GSP+ trade concession, which plays a vital role in supporting exports, employment, foreign exchange earnings, and economic growth.

“In this regard, the Chamber has urged that new legislation be aligned with Sri Lanka’s international commitments and internationally accepted standards, thereby strengthening the country’s prospects for the continuation of GSP+ benefits.

“The Ceylon Chamber remains committed to constructive engagement with policymakers and other stakeholders to ensure that legislative reforms effectively address national priorities while supporting economic growth, competitiveness, and sustainable development.” (Colombo/Oct29/2026)