The motion if approved by 376 out of 751 members would see the non granting of the concession which would have made Sri Lankan exports to the European Union (EU) cheaper and contributed to its export growth vital to boost external reserves.
The resolution will be taken up at the plenary session to be held next week.
The resolution contends "existing breaches of Human Rights in Sri Lanka raise concerns about the appropriateness of granting the GSP+ status while there is inadequate real progress.
The International Labour Organisation (ILO) has noted a number ofshortcomings in the ILO conventions.
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"Sri Lankan government is suspect of not adequately tackling the culture of impunity by rewarding military officialsaccused of human rights violation with government positions," the resolution says.
The Sri Lankan government sources said they were working on meeting the EU conditions on replacing the PTA with new legislation to meet international standards.
However, the EU resolution says the progress has been "worryingly slow.
" The current government was keen to restore the facility after it was stopped by the EU in 2010 citing grave human rights abuses and violations related to International Covenant on Civil and Political Rights (ICCPR).
It has sought two more years from the UN Human Rights Council to probe the alleged war crimes committed during the conflict with the LTTE.
According to the UN figures, up to 40,000 civilians were killed by the security forces during former president Mahinda Rajapaksa's regime that brought an end to the conflict with the defeat of LTTE.
The GSP+ is a component of the EU Generalised Scheme of Preferences (GSP) for developing countries.
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