Category: Trade

Mar 05, 2013 (LBO) – Sri Lanka’s James Finlays Colombo Plc, a key exporter of tea to the Middle East said it would make more efforts to market its brands to migrant communities from the region in Europe, North America and Australasia. James Finlays said 84 percent of its tea exports were in consume packs […]

Mar 05, 2013 (LBO) – Sri Lanka has banned the import of ethanol from March 01, using import and export control laws, a notice on the website of the customs office said.The customs office said un-denatured ethyl alcohol of 80 percent strength and denatured spirits have been prohibited. Last year Sri Lanka expropriated two sugar […]

Mar 05, 2013 (LBO) – Shipments of Sri Lanka tea detained at the Iraqi border have been allowed into the country from March 04, two weeks after a meeting between ministers of the two countries, the commerce ministry said. The trade ministry said Sri Lanka’s Anverally & Sons (Pvt) Ltd, Georgre Stuart Teas (Pvt) Ltd, […]

Feb 27, 2013 (LBO) – Growth in consumer electronics imports to Sri Lanka have slowed following a fall in the exchange rate and higher interest rates and China has increased its share, a business chamber has said.Sri Lanka’s Ceylon Chamber of Commerce said, machinery and mechanical appliances classified under chapter 84 of the international harmonized […]

Feb 09, 2013 (LBO) – Sri Lanka’s exports fell 7.4 percent to 9.7 billion US dollars in 2012 from a year earlier and imports fell 5.8 percent to 19.0 billion dollars, shrinking the trade gap 4.1 percent to 9.3 billion dollars. A trade deficit is caused by additional spending power domestic economic agents receive over […]

Feb 06, 2013 (LBO) – The first American trade mission to Sri Lanka since the end of a three decades war in 2009 will visit the country from February 7 to 9, the US embassy in Colombo said.The multi-sector trade mission which is arriving after visiting South India will have firms in education, food, healthcare, […]

Jan 23, 2013 (LBO) – Sri Lanka’s main opposition United National Party said it welcomed a move to start talks on a special economic partnership with India after an earlier deal was put on the backburner due to nationalism. “We welcome the news that Sri Lanka and India have decided to begin discussions to develop […]

Jan 04, 2013 (LBO) – Sri Lanka is aiming to have the best customs office in the region with the office fully online and three ‘free ports’ in operation, Treasury Secretary P B Jayasundera said. Customs will also facilitate the about a million tourists are year, he said. Sri Lanka’s customs office will have ASYCUDA […]

Dec 28, 2012 (LBO) – Sri Lanka’s exports fell 6. 6 percent to 827.6 million US dollars in November 2012 from a year earlier but apparel exports picked up 4. 6 percent to 363 million US dollars, official data shows. The value of tea exports was also up a slight 0.6 percent to 126 million […]

Dec 22, 2012 (LBO) – Sri Lanka should be friendly all major powers and ensure that relations are strengthened with nations that matter to the core economic interests of the country, a top international economist said. “It strikes me that Sri Lankan foreign policy, which of course includes foreign economic policy – is completely lopsided,” […]

Dec 21, 2012 (LBO) – Sri Lanka’s Kotagala Plantations Plc, a tea plantations firm said it had bought Union Commodities (Pvt) Ltd, a tea exporter for 1,575 million rupees (12. 4 million US dollars). No details were given how the purchase would be financed. Kotagala Plantations said Union Commodities had been ranked the fourth largest […]

Dec 18, 2012 (LBO) – Jonathan Jacobs, a businessman and chairman of International Trade and Tourism of the Cape Town Chamber of Commerce, has been appointed Honorary Consul covering the Western Cape Province of South Africa. Sri Lanka’s foreign ministry said he will assist the Sri Lankan High Commission in Pretoria. The foreign ministry said […]