Category: Trade
‘s GSP+ application
Nov 17, 2015 (LBO) – The European Council has noted progress made by Sri Lanka on GSP+ criteria and supports renewed application, the institution representing the EU member states’ governments said in a statement. Sri Lanka intends to apply for tariff preferences provided under the special incentive arrangement for sustainable development and good governance (GSP+) […]
Sri Lanka should review TPP agreement and its impact: Harsha De Silva
Nov 11, 2015 (LBO) – Sri Lanka should review and consider the Trans–Pacific Partnership (TPP) agreement as an enabler to enter into global competitive markets as signaled in Prime Minister’s statement, Deputy Minister Harsha De Silva said. “We haven’t started to talk about this yet. But TPP is one of the most important trade partnership […]
‘s CCC, Japan Kansai to promote trade and investment
Oct 28, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce (CCC) signed an ‘Agreement of Cooperation’ to promote two way commercial ties with Japan’s Kansai Economic Federation, a statement said. “It enables both sides to exchange information on economic and business trends in the two countries, cooperate in trade, investment, environment conservation and energy-saving […]
Dilmah for trade liberalization provided there is a master plan: Malik
Oct 22, 2015 (LBO) – Sri Lanka’s top tea company Dilmah supports trade liberalization provided there is a master plan in place, Malik J. Fernando, a director of Dilmah, said at a forum in Colombo. An effective plan where local corporates are consulted and given preference over foreign investors is necessary within any sector undergoing […]
Ceylon Chamber introduces 10 principles to guide its future
Oct 15, 2015 (LBO) – Sri Lanka’s Chamber of Commerce has introduced 10 principles to guide its approach in influencing the trajectory of the private sector and the country’s economy. These principles, the first of its kind for a business chamber in Sri Lanka, will form the basis of the Chamber’s advocacy on pro-business policy […]
Sri Lanka, Indonesia trade increased 32-pct in 2014
Oct 14, 2015 (LBO) – Trade between Sri Lanka and Indonesia increased by 32 percent in 2014 and there is vast economic and trade potential that can be explored between the two nations, the Indonesian ambassador said. “Considering that Indonesia is the 16th largest economy in the world, the current trade value between Sri Lanka […]
Sri Lanka to set up national level Trade Union Advisory Committee
Oct 13, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has given his consent to appoint a national level Trade Union Advisory Committee under his supervision. The committee will be headed by the secretary to the President and the relevant ministers, President’s Media said. The President has given his consent during a meeting with the […]
Sri Lanka – Poland trade balance in favor of SL: forum chief
Oct 12, 2015 (LBO) – High export volumes have contributed to the balance of trade between the two countries in favor of Sri Lanka, chairman of Sri Lanka Poland business forum Samantha Ranatunga said.“This is rare for our country and more the reason why we value doing business with Poland,” he said.Exports from Sri Lanka […]
Sri Lanka vehicle registrations hit another high in Sept: JBS
Oct 11, 2015 (LBO) – Vehicle registrations hit another all-time record on most categories barring 2-wheelers in September. In some categories the growth over the previous month is alarming, JB Securities said in a research note. Total motor car registrations recorded 14,301 units in Sep up from 9,107 units in Aug and a mere 3,539 […]
Turkey keen on opportunities in Sri Lanka, Room for joint trade and investment
Oct 06, 2015 (LBO) – Sri Lanka and Turkey have scope to increase bilateral economic and trade relations with room for joint trade investments, says Tunca Ozcuhadar, the ambassador of Turkey said in a statement. “We would like to enhance our relations with Sri Lanka which is already excellent,” Ozcuhadar said. “Still, there is great […]
Sri Lanka Customs to implement Single Window System by end 2015
Sep 27, 2015 (LBO) – Sri Lanka Custom’s Single Window System is to be implemented by the end of this year, Finance Ministry said in a statement.The system enables the economic operators and trading partners to submit all import, export and transit information required by regulatory agencies via a single electronic gateway. Single window operation […]
Sri Lanka, China trade chambers eye mutual benefits for SMEs
Sep 21, 2015 (LBO) – Sri Lanka’s business chamber on Monday signed a memorandum of understanding with their Beijing counterpart to work together to promote trade and commercial ties between the two countries.The MOU looks forward to share information with regard to trade, technical transfer, and economic cooperation, the Ceylon Chamber said in a statement. Its primary […]