Category: Trade

May 02, 2013 (LBO) – Sri Lanka’s exports fell 2.9 percent to 797.5 million rupees in February 2013 from a year earlier but apparel exports rose 8.8 percent to 371.6 million US dollars, the Central Bank said. Rubber product exports were down 12 percent to 66.1 million US dollars and agricultural exports were down 5.9 […]

Apr 07, 2013 (LBO) – Sri Lanka has asked China to invest in the mineral mining and processing sector for export especially in mineral sands and graphite, the trade ministry said.In recent years Sri Lanka’s Treasury has helped expand the trade gap with China by borrowing heavily from its Exim Bank and others (exporting Sri […]

Apr 02, 2013 (LBO) – Sri Lanka’s exports fell 18.2 percent to 726.7 million US dollars in January 2013 from a year earlier, with apparel exports falling 8.9 percent to 333.9 million US dollars, Central Bank data showed.Sri Lanka has a trade deficit because domestic economic players get money abroad through means other than merchandise […]

Mar 28, 2013 (LBO) – Pakistan’s Arif Habib group which has a stock brokering unit in Sri Lanka is planning to expand into commodities and trade consultancy which can boost bi-lateral trade, an official said.The group has put an application to start a physical wholesale commodity business and bring in one million US dollars. “We […]

Mar 27, 2013 (LBO) – India has raised a quota of Sri Lanka-made apparel and the validity of a sanitary permit for meat had been doubled giving more freedom for Indian nationals to buy goods from the island.Free Trade Agreements were then used to progressively give freedom to the poorer people to trade. Quotas and […]

Mar 27, 2013 (LBO) – A Chinese delegation led by Yunan province vice governor Ding Shaoxiang is arriving in Colombo today, which will help expand bilateral trade of 2.7 billion US dollars reached last year, the commerce ministry said. “This visit is a strong boost to the growing Lanka-China bilateral trade,” commerce and industry minister […]

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, […]