Ceylon Chamber Calls for Careful Review of PSTA to Safeguard Competitiveness & GSP+ Access

Lanka Business Online reports that the Ceylon Chamber of Commerce has sent its input on the proposed Protection of the State from Terrorism Act, known as PSTA. The outlet says the Chamber is also finishing its position on the proposed Prevention of Organised Crime Act and expects to send it to the relevant authorities soon.

Lanka Business Online reports that the Chamber acknowledged the government’s efforts to reinforce national security and respond to emerging issues. It nevertheless asked for careful examination of the draft laws, with well-defined provisions, suitable court supervision and safeguards for fair legal process.

Lanka Business Online reports that the Chamber said such safeguards matter for investor confidence, predictable regulation and Sri Lanka’s standing as a dependable place to conduct trade and investment. It also stressed the importance of maintaining access to the European Union’s GSP+ trade concession, which it linked to exports, jobs, foreign-exchange earnings and economic growth.

Lanka Business Online reports that the Chamber urged legislation to match Sri Lanka’s international obligations and accepted global norms, arguing that this would support the continuation of GSP+ benefits. The outlet says the Chamber intends to keep working with policymakers and other stakeholders. EconomyNext, Newswire, Hiru News and Hiru News (සිංහල) also report the Chamber’s call to review draft laws in connection with competitiveness and GSP+ access.

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.