The Sri Lanka Apparel Exporters’ Association (SLAEA) had set a target of achieving $8.5 bn exports by 2020 but due to the delays in regaining the duty free access via GSP Plus to the European Union (EU) and the economic and political uncertainties in key Sri Lankan export markets, the apparel industry has set its sights lower for the medium term with a $8 bn annual export target to be reached by 2022. The EU absorbed over 40 per cent of Sri Lankan garment and textile exports and the loss of the GSP Plus facility had stricken a hard blow to the local apparel industry.