Sri Lanka delivered its formal response to a European Union probe that found it in breach of international human rights laws and said it was hopeful of retaining a lucrative trade concession with the bloc.
A European Union investigation has found Sri Lanka in breach of international human rights laws and EU sources said the country is likely to lose concessions worth more than $100 million for its top exports to Europe.
A European Union investigation has found Sri Lanka in breach of international human rights laws, meaning it is likely to lose concessions worth over $100 million (91 million pounds) for its top exports to Europe.
The European Union is likely to let Sri Lanka keep a trade concession crucial to its apparel industry, while recommending it be revoked if the country does not improve its human rights record, diplomats said.
A trade scheme that boosted Sri Lanka's top export, garments, will remain in place while the European bloc completes a human rights probe that could lead to withdrawal of concessionary terms, Sri Lanka said on Tuesday...
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