Mutual Ties

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

August 4, 2006 (LBO) – Sri Lanka and India have agreed to recognise product certificates issued in both countries, cutting down red tape and transaction time when goods are traded. Sri Lanka’s Cabinet of Ministers has approved the bilateral agreement between Sri Lanka Standards Institution (SLSI) and the Bureau of Indian Standards, Cabinet spokesperson, Anura Yapa said.

“Sri Lankan exporters have to satisfy Indian standards whenever goods are exported to India and India has to do the same when they export to Sri Lanka,” Anoma Premathilake Deputy Director Marketing of the Export Development Board (EDB) told LBO on Friday.

“We have to submit samples and further documentation that will certify our goods are up to their standards and it is mostly food products that need to conform to these standards.”

Meat and biscuit products are some of the commonly traded products that face this problem, Premathilake said.

With the new agreement, India will recognise the Sri Lankan SLS standard and Sri Lanka the Indian ISI standard, when goods travel between the countries.

Mutual recognition of product certificates will cut down transaction time and red tape, officials say