The Daily Star said Bangladesh was also more competitive.
The GSP+ was expected to end from the third quarter of 2010. In recent years Sri Lanka's exports to the EU has grown helped by the GSP+ concessions, while exports to the US, to whose currency the rupee is pegged weakened.
Sri Lanka is losing duty free entry to the EU of garments and a number of other exports this year over a state failure to fully implement international laws that protect human rights and political and civil liberties of its citizens.
Bangladesh had exported knitwear worth 1.6 billion US dollars against a 1.21 billion target set for July and August 2010 which was up 31 percent from a year earlier, Bangladesh' The Daily Star newspaper reported.
Bangladesh had ex