Press Release: EU removes textiles quotas for Sri Lanka in market access deal

1 March 2001 the European Union removed all textiles quotas from imports from Sri Lanka with immediate effect. In return, Sri Lanka brought down a range of tariffs and bound all its tariffs for the textiles and clothing sector at the World Trade Organisation (WTO).

The quotas were lifted under a landmark agreement initialled in December 2000, approved by the Council of Ministers on 26 February 2001 and applied from 1 March 2001. This was the first agreement under negotiating directives the European Commission received from the Council of Ministers on 9 November 2000, with a view to seeking improved market access for Community exports in the sector.

• Primary Source

http://ec.europa.eu/comm/trade/issues/sectoral/industry/textile/index_en.htm http://ec.europa.eu/comm/trade/issues/sectoral/industry/textile/index_en.htm

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