Category: Trade
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May 24, 2016 (LBO) – The Ceylon chamber of commerce with Fair Deal AS, a globally spread import sourcing arm is planning to launch a program to help Sri Lankan importers buy goods at ‘factory prices’. Under this program, Fair Deal which is a subsidiary of the Advance Business Partners of Norway will function as […]
Sri Lanka vehicle registrations down in April except for Cars and SUVs
May 24, 2016 (LBO) – Sri Lanka’s vehicle registrations except for Cars, SUVs and 3 wheelers were down last month due to April being a holiday month, JB Securities said in a research note. Motor car registrations recorded 3,618 units in April up from 3,326 units a month ago and significantly down from 5,116 units […]
Sri Lanka benefits from increased trade with India: OBG
May 20, 2016 (LBO) – Sri Lanka stands to benefit from efforts to strengthen economic cooperation with India particularly with a rebalancing of foreign policy, Oxford Business Group said. With talks around an expanding free trade agreement (FTA) in the works, momentum appears to be on Sri Lanka’s side. Full article is below: Thanks to […]
London Stock Exchange shifts shared services to Sri Lanka; hiring staff
May 19, 2016 (LBO) – International markets infrastructure provider London Stock Exchange Group will hire up to 400 highly skilled Sri Lankans as it has decided to shift part of its technology and business functions here. The new company to be formed under the name of London Stock Exchange Business Services Colombo limited is currently […]
Italy to explore apparel, renewable energy prospects in Sri Lanka
May 18, 2016 (LBO) – Deputy Foreign Minister of Italy Senator Benedetto Della Vedova will make an official visit with a business delegation to Sri Lanka from today to 19 May 2016, the Foreign Ministry said. A four-member business delegation with interests in the apparel industry and renewable energy from Euro Green Power Ltd, Moving […]
Sri Lanka’s SEC blocks share transaction of Blue Diamonds
May 13, 2016 (LBO) – Sri Lanka’s securities regulator on Friday blocked a share transaction related to the chairman of Blue Diamonds Jewellery Worldwide following a possible violation of laws. As per the statement issued by the Securities and Exchange Commission (SEC), earlier this week Xia Liqiang, the Chairman of Blue Diamonds has disposed 15,146,200 […]
‘s GSP+ application
May 12, 2016 (LBO) – Sri Lanka’s government and the EU said the island’s GSP application was discussed at the EU-Sri Lanka Working Group on Trade and Economic Cooperation which met on 11 May 2016 in Brussels. The meeting was co-chaired by Sonali Wijeratne, Director General of Commerce, for Sri Lanka and Peter Berz, Head […]
Sri Lanka seeks FTAs with Singapore, Malayasia and Turkey
May 06, 2016 (LBO) – Sri Lanka is exploring free trade agreements with Singapore, Malaysia and Turkey, a minister said. ““Countries like Sri Lanka need to thrive on the export of products and services on the way to create vibrant economies,” Malik Samarawickrama, minister of development strategies and international trade, said. “We are now on […]
China FTA talks in June; TPP may affect Sri Lanka apparel exports: Bathiudeen
May 02, 2016 (LBO) – Arrangements are under way to hold the third round of negotiations for China-Sri Lanka FTA in June this year, Industry and Commerce Minister Rishad Bathiudeen said. “When reviewing the garment sector, we need to be able to carefully address the Trans-Pacific Partnership (TPP) Agreement under which tax free garment export […]
US, Sri Lanka adopts Joint Action Plan to boost bilateral trade in 5 yrs
May 02, 2016 (LBO) – The United States and Sri Lanka have recently adopted a five-year Joint Action Plan to boost Trade and Investment in the two countries. At the 12th US, Sri Lanka Trade and Investment Framework Council meeting which was held April 28 in Washington, DC, both sides have affirmed their belief that […]
Interview: Across distant seas, Sri Lankans, Swedes explore cultural differences
Apr 29, 2016 (LBO) – Sweden, a land of the ancient Vikings, perched in icy northern seas, is as far away from the tropical island of Sri Lanka as one can imagine. One would expect cultural differences when modern investors cross the oceans in search of trade and opportunities, and reach Sri Lanka — a […]
Sri Lanka joins 9 countries that reformed fisheries governance
Apr 22, 2016 (LBO) – Sri Lanka has joined the growing list of countries that have reformed their fisheries governance systems following a lift of ban by the European Commission yesterday. Subsequent to specific warnings by the European Union, a total of ten countries (Sri Lanka, Ghana, Papua New Guinea, Korea, the Philippines, Fiji, Belize, […]