Lets Chat

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

June 15, 2006 (LBO) – India has called for a meeting with Sri Lankan vanaspati producers on Friday to iron out issues, in the latest saga that has brought trade relations between both nations to a boiling point. Sri Lanka™s shipments of vanasapati an edible oil mainly used for cooking purposes came to a standstill on June 4, after New Delhi slapped a fresh set of rules restricting duty free exports from Colombo.

Despite a free trade pact between both nations, India issued a notice restricting that only state run National Agricultural Co-operative Marketing Federation (NAFED) could import duty free oil, bakery shortenings and margarine from Sri Lanka.

Late Wednesday, NAFED wrote to each vanasapati producer in Sri Lanka asking them to come to New Delhi for a meeting on June 16 to discuss shipments for July.

“You are requested to bring information¦..which would be helpful for formulating the procedure for considering import of vanaspati for delivery in July 2006,” NAFEDs General Manager (International Trade) Urmil Aneja said.

The letter, however, makes no reference to shipments for June, which the industry points out is unfair.

Summons from New Delhi comes following Sri Lanka’s