Category: Trade
Sri Lankan businesses should look at CEPA as a compliment not substitute: Economist
May 22, 2015 (LBO) – Sri Lankan businesses should look at the extension of the Comprehensive Economic Partnership Agreement (CEPA) as a compliment to their businesses and not as a substitute, a senior economist said. Razeen Sally, an Associate Professor of Singapore Lee Kuan Yew School speaking at the LBR LBO CEO forum called local […]
Swiss GSP facility is underutilized by Lankan exporters: Envoy
May 21, 2015 (LBO) – Sri Lankan exporters are currently underutilizing the Swiss GSP facility given to the country, a Swiss envoy said. Livia Leu, Ambassador Delegate of the Federal Council for Trade Agreements of Switzerland who visited the Ceylon Chamber of Commerce this week asked Sri Lankan exporters to take maximum use of their […]
Sri Lanka needs to export, export and export: Ravi K
May 20, 2015 (LBO) – Sri Lanka’s new rulers said that the country needs to focus on exporting more products and services as the government’s strategy is to develop the local export market to be able to compate in the international areana. “Our thrust is to ensure that we have exports, exports and more exports,” […]
Sri Lanka and Russia to maintain strong bonds and expand bilateral cooperation
May 08, 2015 (LBO) – Sri Lanka and Russia should continue to maintain their strong friendship and close bilateral ties, irrespective of international trend,President Maithripala Sirisena had said.This was discussed when Ambassador of Russia to Sri Lanka, Alexander A Karchava, called on the President at the Presidential Secretariat on Thursday (May 07), the president office […]
Sri Lanka to pursue CEPA only if advantageous to us: Minister
Apr 30, 2015 (LBO) – Sri Lanka will go ahead and sign the Comprehensive Economic Partnership Agreement (CEPA) with India only if it is deemed beneficial to us, Harsha de Silva, Deputy Minister of policy planning and economic development said.“We have to be convinced that this agreement is beneficial to Sri Lanka.I don’t represent the […]
‘s new rulers confident of regaining GSP Plus next year: Harsha de Silva
Apr 30, 2015 (LBO) – Sri Lanka’s new administration is confident about retrieving the GSP plus trade concessions by mid or late next year, Harsha de Silva, Deputy Minister of policy planning and economic development said. “We are trying to get GSP plus back and I am very happy to report to you that we […]
Sri Lanka’s FTA with India; an opportunity not a threat: Ceylon Chamber of Commerce
Apr 27, 2015 (LBO) – Sri Lanka’s free trade agreement with India should be extended to services and investment deepening the existing FTA on the trade in goods, the Ceylon Chamber of Commerce said. “There is a strong case for giving high priority to building upon the existing Indo Sri Lanka FTA; completing the FTA […]
Sri Lanka raises import duties of potatoes and onions to protect local farmers
Apr 25, 2015 (LBO) – Sri Lanka’s import duties on potatoes and big onions have been increased, the Finance Ministry said in a statement. The import duty of one kilogram of potatoes has been increased from 40 rupees to 55 rupees while the import duty of big onions has been increased from 10 rupees to […]
‘s Pakistan visit a testimony of strong bonds:Nawaz Sharif
Apr 07, 2015 (LBO) – Sri Lankan President Maithripala Sirisena’s visit to Pakistan is a testimony to the strong bonds of friendship between the two countries, Pakistani Prime Minister Nawaz Sharif had said addressing a joint press conference on Monday, a statement said.Sirisena visited Pakistan starting 5th April for a three day tour, in order […]
‘s exports to Pakistan can be more diversified: Business potential seen in power generation: Official
Apr 06, 2015 (LBO) – Sri Lanka can increase its exports to Pakistan through diversification and investment in power generation will be one such area to explore, a Pakistani official said.“There is very little diversification in the products that Sri Lanka is exporting to Pakistan,” Hazan Ali Zaigam, First Secretary, High Commission of Pakistan in […]
Sri Lanka should look at regional trade and be less Europe centric: Official
Apr 02, 2015 (LBO) – Sri Lanka should look at diversifying its export market from its Europe centric and north American trade habits and move towards exploring a more lucrative regional export markets, a senior official said. “That Europe centrist approach is still there in Sri Lanka, simply because it is the number one market […]
Sri Lanka to ease entry barriers for FDI: Ravi Karunanayake
Mar 28, 2015 (LBO) – Sri Lanka needs to ease foreign investment entry obstacles to attract more foreign direct investment, finance minister Ravi Karunanayake says.Karunanayake made this comment while delivering a keynote address at the 18th Asian Investment Conference organised by Credit Suisse. The conference is an exclusive business gathering in the Asia Pacific region […]