Category: Trade

Apr 25, 2014 (LBO) – India was the source of 72 percent of vehicles and parts imported to Sri Lanka in 2013, with second coming second, with 20 percent, the Ceylon Chamber of Commerce. In terms of value India was 45 percent and Japan 38 percent, the chamber said, citing a study by its economic […]

Feb 28, 2014 (LBO) – Iraq has lifted a ban on coconut fibre pith exports from Sri Lanka and is has also agreed to relaxing restrictions on Ceylon Tea, the ministry of industry and commerce said.Sri Lanka’s minister of industry and commerce Rishad Bathiudeen had led a delegation to Baghdad for two days of talks […]

WASHINGTON, February 18, 2014 (AFP) – The White House moved Tuesday to fend off criticism of its efforts to seal two new giant free trade pacts, saying the deals would benefit US workers and protect the environment.“Some of the criticisms I hear of our agenda describe the state of the trade policy in 1994, not […]

Feb 10, 2014 (LBO) – Sri Lanka’s exports rose 6.2 percent to 10.38 billion US dollars in 2013 from a year earlier and imports fell 6.2 percent to 17.99 billion US dollars, the Central Bank said.In December 2013 exports rose 13.2 percent from a year earlier to 986.1 million US dollars with industrial products up […]

Jan 23, 2014 (LBO) – Sri Lanka’s exports rose 6.2 percent from year earlier to 10,379 million US dollars, the commerce ministry said. Agriculture products grew 10.3 percent to 2479.94 million US dollars, industrial products grew 4.91 percent to 7,618 million US dollars with apparels up 13.31 percent to 4492.20 million. Other export crops surged […]

Jan 22, 2014 (LBO) – A business forum in Sri Lanka on January 30 with the participation of a top Korean trade and investment promotion official is targeting greater business links between the two countries, organizers said. Weon Cheol Koh, head of KOTRA, the Korean and trade and investment promotion office will address the forum, […]

Dec 19, 2013 (LBO) – Sri Lanka’s exports rose 27 percent in November 2013 from a year earlier, with revenues during the first 11 months growing 5.1 percent, the commerce ministry said. In October 2012, Sri Lanka earned 827.6 million US dollars from exports and revenues for the 11 months were down 6.6 percent at […]

Dec 05, 2013 (LBO) – Sri Lanka has asked Indonesia to relax a tariff on wheat flour imports, the commerce ministry said, in a move that can help make food cheaper for poorer Indonesians.Sri Lanka is the second biggest exporter of wheat flour to Indonesia estimated to have accounted for 30 percent of 400,000 tonnes […]

Nov 07, 2013 (LBO) – Sri Lankan exporters will have to be closer to global supply chains and develop more innovative products, but local rules were also hindering exports, economists and industry officials said. “We are welcome organized policies from groups or forums rather than from individuals. Because for us in the government, it is […]

Nov 05, 2013 (LBO) – Sri Lanka’s fruit and vegetable exports have been led by banana and cassava in recent years, which are grown commercially in large extents of land, which is vital to grow the industry, an official said.But analyst warn that such coercive measures will give rulers more legitimacy to undermine citizen’s liberties […]

Oct 21, 2013 (LBO) – Sri Lanka’s exports rose 10.7 percent to 917.8 million US dollars in August 2013 from a year earlier, and import dropped 7.7 percent to 1.6 billion US dollars, the Central Bank said.Export earnings from tea grew 49.3 percent to 142.8 million US dollars and apparel exports barely grew 2.1 percent […]

Oct 15, 2013 (LBO) – Sri Lanka and the US, the top buyer of island’s exports has further room to grow, officials had said following a visit by business delegation. Though nationalists are trying to bring curbs, US imports of off-shoring services also raises living standards of residents and makes exports more competitive. Exports (and […]