LKCSE Colombo Stock Exchange Close
  • Current Exchange
    Colombo Stock Exchange LKCSE

Market time
Black
White

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
22 April, 2016 09:13 AM Source: Financial Times - Sri Lanka
news 1.jpg

The European Commission yesterday decided to propose the lifting of the ban on fisheries exports from Sri Lanka to the European Union, after over a year of engagement with the Government.

Sri Lanka’s proposal on Thursday will be discussed by the European Union (EU) Fisheries Council at the next available opportunity; the European Commission said in a statement, adding if the Council agrees with the proposal, the ban will be lifted with immediate effect.1-Deputy-Foreign-Minister-Dr-Harsha-de-Silva

Foreign Affairs Deputy Minister Dr. Harsha de Silva described the proposed lifting of the ban to the Daily FT as a sign of the Government’s efforts to repair damaged relations with the international community paying off. He was also extremely upbeat on the good news for fisheries coming just ahead of the Government submitting its formal application for the renewal of GSP+.

“The EU has decided to lift the ban on fisheries exports to EU from Sri Lanka. Now the EU Working Party on Fisheries will process this decision in two weeks’ time and then it will go for concurrence of EU members’ national authorities. It has to be approved by each State, which will take another few weeks, and then decision will become legally enforceable. These are procedural, and therefore, no difficulties are anticipated. So it is likely in about eight weeks’ time Sri Lanka will be back in fisheries business with the EU.”

Dr. de Silva commended officials on both sides for their hard work and noted the efforts made by the Government to engage with the European Commission and EU had opened doors to lifting the fisheries export ban. “We now move onto GSP+ with a greater boost because of this decision.”  

The European Commission also warned Kiribati, Sierra Leone and Trinidad and Tobago that they risk being listed as uncooperative in the fight against illegal, unreported and unregulated (IUU) fishing.

European Commissioner for Environment, Maritime Affairs and Fisheries Karmenu Vella said: “Today’s decisions are yet another sign of the EU’s determination to fight illegal fishing globally. It also shows that we can bring important players on board: Sri Lanka has now a robust legal and policy framework to fight illegal fishing activities. As the fight against IUU fishing is part of the EU’s commitment towards sustainability and good ocean governance, each country that comes on board is an asset.”

Illegal, unreported and unregulated fishing is a major threat to global marine resources. It is estimated that between 11 and 26 million tons of fish are caught illegally each year with an annual global value of up to 10 billion euros.

Sri Lanka was issued with a yellow card in 2012 and listed by the Council in February 2015. This was the result of a long standing failure to address serious shortcomings in the implementation of control measures, a lack of deterrent sanctions, as well as the failure to comply with international and regional fisheries rules.

- See more at: http://www.ft.lk/article/537619/Sri-Lanka-hooks-fishing-ban-removal#sthash.aK7HbELc.dpuf

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login

Stocks in Focus


Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
and
Many more


Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2014

Login

Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?