Category: Trade

Mar 28, 2012 (LBO) – The presence of a large delegation of foreign visitors at Sri lanka’s Expo2012 international trade fair and exhibition is an expression of confidence placed in the country, President Mahinda Rajapaksa said. The fair is meant to show the world the new prospects for investment and trade in Sri Lanka after […]

Mar 16, 2012 (LBO) – Sri Lanka is targeting 12 billion US dollars in exports in 2012 up from 10. 4 billion in 2011 which will be helped by an upcoming trade fair and a weaker rupee, export development board chief Janaka Ratnayaka said. Ratnayaka said if current trends continue exports may reach a 2015 […]

Mar 16, 2012 (LBO) – Powerful protectionist lobbies and lack of awareness are denying Sri Lankan consumers the benefits of free trade which could significantly reduce costs if more imports are allowed from neighbouring countries, a new study said. Opposition from influential business groups to the proposed Comprehensive Economic Partnership Agreement with India, to replace […]

Mar 07, 2012 (LBO) – Sri Lanka Expo 2012 will kick off on March 28, with 370 exhibitors and a series of technical sessions and 700 foreign visitors including a 150 strong delegation from China already registered to attend, an official said. Chairman of Sri Lanka’s Export Development Board, Janaka Ratnayake said the exhibition which […]

Mar 01, 2012 (LBO) – Japan has increased its share in Sri Lanka’s auto market to 36 percent from 33 percent in value with a surge in hybrid vehicles, amid a boom coming after a cut in taxes, Sri Lanka’s main business chamber said. More than 100,000 petrol driven three wheelers have been imported in […]

Feb 24, 2012 (LBO) – Sri Lanka’s exports in December 2011 went up 24 percent to 906 million US dollars from year ago with sharp gains in textiles and rubber products, the central bank said. Imports during the month went up 34 percent to 1.9 billion dollars with spending on investment goods like transport equipment […]

Feb 16, 2012 (LBO) – Sri Lanka has called for the removal of non-tariff barriers to trade in South Asia, saying reducing or elimination of tariffs alone is not enough to increase intra regional trade. The volume of trade among South Asian Association for Regional Co-operation member states has still not reached anywhere near the […]

Feb 11, 2012 (LBO) – Sri Lanka and Pakistan will boost bilateral trade to over two billion dollars by 2015 and promote the use of local currencies, a joint statement issued at the end of a visit by President Mahinda Rajapaksa to Islamabad said. Before the creation of state-owned dollar pegged central banks in South […]

Feb 08, 2012 (LBO) – Sri Lanka might be in danger of losing part of its market for tea in the Middle East, one of its biggest markets, as younger consumers are shifting away from the beverage. Hilmy Cader, chief executive of MTI Consulting, said his international management consultancy based in Bahrain had observed a […]

Jan 25, 2012 (LBO) – Sri Lanka’s export earnings in November 2011 rose 11.6 percent to 879.3 million US dollars from a year ago, driven mainly by industrial and machinery exports, the central bank said. Imports in the import-dependent island shot up 78 percent in November 2011 to 1,980.5 million dollars from the previous year […]

Jan 19, 2012 (LBO) – A business delegation from Sri Lanka will visit Vietnam in March to expand trade, investment and tourism, the Ceylon Chamber of Commerce said. The Sri Lanka-Vietnam Business Council of the Ceylon Chamber is leading a trade and investment delegation to Vietnam’s capital Hanoi and Ho Chi Minh City, the economic […]

Dec 23, 2011 (LBO) – Sri Lanka’s export earnings in October 2011 fell 4. 9 percent to 882 million US dollars from a year ago mainly owing to a fall in earnings from tea shipments, the island’s main agricultural export. Imports in October shot up 41 percent to 1. 75 billion dollars over the same […]