Category: Trade

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 […]

Oct 03, 2013 (LBO) – Brandix, a Sri Lanka based apparel group will get a trade finance facility from International Finance Corporation, a world bank arm, which the lender says is the first in South Asia. Brandix will get funding against credit given to selected international buyers which can be used for working capital. IFC […]

Sept 28, 2013 (LBO) – Chinese firms are planning to buy activated carbon and rubber from Sri Lanka following the visit of a trade delegation and others are in talks over minerals and logistics services, the island’s trade ministry said.“We are looking for mineral sourcing from Sri Lanka as well as partnering in logistics and […]

COLOMBO, September 25, 2013 (AFP) – Sri Lankan customs Wednesday seized two kilograms of gold from two men who had hidden the precious metal inside their bodies in an attempt to smuggle it out of the country, an official said.The two Sri Lankans were caught just before they boarded a flight to the Indian city […]

Sept 24, 2013 (LBO) – Sri Lanka’s exports rose 8.0 percent to 794.4 million US dollars and imports rose 20.8 percent to 1,601.1 million US dollar in July indicating a recovery in external trade, official data showed. In the seven months to July exports were still down 2.7 percent to 5,518.0 million US dollars, imports […]

COLOMBO, September 17, 2013 (AFP) – Sri Lanka and China will finalise a free-trade agreement ahead of a Commonwealth summit in Colombo in November, a government minister said on Tuesday.Sri Lanka entered into a controversial free-trade agreement with neighbouring India in December 1998 during Sri Lanka’s bloody separatist conflict, but both sides have been bickering […]