The United States president, Donald Trump reauthorised special trade tariffs for a number of countries, including Sri Lanka.
Signing the US Omnibus Spending Bill on March 23, Mr Trump ensured GSP was authorised until December 2020. The previous programme ended December 31, 2017.
Sri Lanka's minister of industry and commerce, Rishad Bathiudeen sought to downplay the importance of the trade tarrif however.
"The lapse in GSP does not affect Sri Lanka's trade with the U.S. significantly since only around 20-25% of total exports to US, come under GSP," he was quoted by the Colombo Page as saying.
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