Category: Trade
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 […]
Sri Lanka new rulers to get Chinese support
Mar 28, 2015 (LBO) – Chinese Prime Minister Li Keqiang assured and pledged Chinese government’s fullest support to the new government of Sri Lanka, a media release said. “The Chinese Premier further said China does not have relationship with individuals of different countries, but it has a policy of developing bilateral ties with nations,” the […]
Sri Lanka hold talks with EU on GSP+ trade concessions
Mar 26, 2015 (LBO) – Sri Lanka are holding discussions on the retrieval of GSP Plus, a system granting tax free entry for the counties goods to the European Union market, the industry and commerce ministry said in a statement. The industry and commerce ministry said earlier this week in Colombo that the talks were […]
India’s PM Modi says plans are not only to address problems but to look opportunities in Sri Lanka
Mar 13, 2015 (LBO) – Sri Lanka should be visited regularly by India as neighbors and collaborate in developing economic cooperation in both countries in order to get the advantage of ocean economy, Prime Minister of India Narendra Modi said at a gathering in Colombo. “This is how it should be between neighbours. We should […]
’s State Minister for Foreign Affairs
Mar 06, 2015 (LBO) – Japanese State Minister for Foreign Affairs Minoru Kiuchi to visit Sri Lanka tomorrow Saturday 7th March 2015 to further strengthen the long-standing ties between Japan and Sri Lanka. During his visit, Kiuchi will call on Sri Lanka’s President Sirisena, Prime Minister Ranil Wickremasinghe, and Minister of Policy Planning, Economic Affairs, […]
’s chamber signs a MOU with Chinese Tianjin
Mar 06, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce signed a memorandum of understanding today with Tianjin province of China to promote trade and investment between both countries. With the visit of two leaders in our countries, we hopes to take bilateral corporation between Sri Lanka and China to the next level through […]
Malaysian investors to bid for Northern Expressway: Suggest to renew bilateral trade
Feb 27, 2015 (LBO) – Sri Lanka northern expressway which links the Island’s capital Colombo to the northern Jaffna peninsula to be bided by Malaysian investors, a statement said. We are bidding for Northern Highway on BOT (build-operate-transfer) basis, Dato’ Seri S. Samy Vellu, Malaysia’s Special Envoy of Infrastructure for India and South Asia with […]