Sri Lanka cabinet approves 10mn EU grant for sustainable trade project

EconomyNext and Newswire report that Sri Lanka’s Cabinet approved a proposal to obtain a €10 million grant from the European Union and sign a financial agreement for it. Ada Derana also reports that the EU will provide the grant, while Lankadeepa attributes confirmation of Cabinet approval to government spokesperson and minister Nalinda Jayatissa.

EconomyNext and Daily Mirror report that the funding is for a four-year project intended to promote sustainable trade and strengthen trade relations between Sri Lanka and the EU. Ada Derana (தமிழ்) also reports EU agreement to support the project. The reports provide no further details about its activities or implementation schedule.

Separately, Daily Mirror reports that Sri Lanka is exploring a comprehensive trade agreement with the EU to secure long-term access to the European market. Ada Derana reports that Sri Lanka is preparing a fresh application for the EU’s GSP+ scheme as new trade rules take effect in 2027.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.