The GSP Plus deal is to expire in August after the EU refused to extend it owing to concerns over human rights abuses in the island.
The Sri Lankan government has rejected charges of human rights abuses and maintains it meets the EU conditions to quality for continued benefits under the GSP Plus deal.
The Delegation in Colombo issued the statement in response to media reports that the EU had decided to extend the deal for a limited period.
Contrary to these articles, the date of 15 August on which Sri Lanka would cease to benefit from GSP+ will not be extended unconditionally, the statement said.
The European Commission has told the Sri Lankan government it is ready to propose to the Council of the European Union to maintain GSP plus preferences for Sri Lanka for a limited additiona