Seemingly hoping to appear unaffected, the central bank denied in a statement that the loss of GSP Plus would have an adverse impact on Sri Lanka's exports.
Under a trade deal with the European Union called GSP-plus, Sri Lanka's garment exports (its second-largest source of foreign exchange) enjoy duty-free access to the EU. But GSP-plus hinges partly on human rights.
In a statement on Monday the EU Commission said its proposal to restore GSP status for Burma was based on an International Labour Organization (ILO) conclusion that the country had made "significant" progress in tackling forced labour.