Category: Trade

Nov 20, 2012 (LBO) – The Imports Section of Sri Lanka’s Ceylon Chamber of Commerce will have its annual fellowship on Wednesday 28, with two senior government officials relating to international trade participating. The chief guest will be Neville Gunawardena, director general of Sri Lanka’s Customs office and P D Fernando, director general of Sri […]

Nov 18, 2012 (LBO) – A delegation of rubber industrialists who visited Norway are expecting an expansion of business including the development of new products, Sri Lanka’s Ceylon Chamber of Commerce said. The visit has opened the doors to the technical Rubber products market in Norway and are confident that they could meet the stringent […]

Nov 05, 2012 (LBO) – Sri Lanka’s exports fell 6. 6 percent to 801.5 million US dollars in September 2012 from a year earlier while imports fell at a faster 25.4 percent to 1.31 billion US dollars, official data showed. Sri Lanka ran into a balance of payments crisis from mid 2011 when authorities printed […]

Nov 01, 2012 (LBO) – Reducing red tape and adopting paperless systems will improve competitiveness of South Asian countries whose intra-regional trade costs are almost 50 percent higher than those of East Asia, a UN trade official said. And getting importers and exporters involved in designing such systems is essential as government initiatives without private […]

Oct 29, 2012 (LBO) – A trade forum in Sri Lanka with the participation of 30 countries in Asia and the Pacific starting will identify priority areas for integration, and new tools and services to increase the efficiency of cross-border transactions, its organizers said. The Asia Pacific Trade Facilitation Forum 2012 (APTFF) on the theme […]

Oct 25, 2012 (LBO) – Sri Lanka’s exports fell 13. 1 percent to 828.9 million US dollars in August 2012 from a year earlier led by tea, while imports fell 4.7 percent to 1,750 million US dollars, official data showed. Tea exports fell 32.7 percent to 95.7 million US dollars and apparel exports fell 3. […]

Oct 20, 2012 (LBO) – Sri Lanka can increase exports and incomes by creating conditions to allow producers to move in to more complex products based on knowledge and research, a top economist said. By moving to complex products through innovation, a country could stop worrying about competition from Bangladesh or Vietnam, he said. Sri […]

Oct 15, 2012 (LBO) – Slovakia’s envoy to India Marian Tomasik will make a presentation on opportunities in his country to Sri Lankan business at the Ceylon Chamber of Commerce on October 17, the trade chamber said. Slovakia is a landlocked nation in Central Europe with a population of over five million and a gross […]

Oct 12, 2012 (LBO) – Sri Lanka and India is appointing a joint task force with representatives from the private and state sectors to boost trade and investment, information minister Keheliya Rambukwelle said. Sri Lanka has appointed Kulatunga Rajapaksa from Samson International, Susantha Ratnayake from John Keells Holdings and Ashrof Omar from Brandix as representative […]

Oct 10, 2012 (LBO) – An Asia-Pacific trade forum to be held in Sri Lanka’s capital Colombo will have sessions focusing on small and medium enterprises and member of regional chambers in the island will take part, the island’s largest business chamber said. Local SME’s will have a special session to interact with speakers from […]

Sept 30, 2012 (LBO) – The European Union has protested to Sri Lanka over the re-export of Chinese-made bicycles which have been slapped with protective ‘anti-dumping’ taxes when exported direct, a media report said. Sri Lanka’s The Sunday Times newspaper said a protest was lodged with Sri Lanka’s embassy in Brussels by EU’s Director General […]

Sept 29, 2012 (LBO) – Sri Lankan visitors traveling to India would face tighter baggage checks following the detection of several ‘mules’ who were smuggling gold into India, a media report said. At least 10 out of 13 gold smugglers caught at India’s Chennai airport over the past month are from Sri Lanka, the Times […]