Category: Trade

July 6, 2011 (LBO) – Sri Lanka and Pakistan will have talks on a comprehensive economic partnership agreement (CEPA) to broaden economic links in August in Colombo, a media report in the wake of annual trade talks in Islamabad said. Sri Lanka’s commerce minister Rishad Bathiudeen and Pakistan’s state minister for foreign and economic affairs […]

July 06, 2011 (LBO) – Documents used for international trade such as bills of lading are easily forged, a maritime fraud expert has warned Sri Lankan shippers, saying physical verification of cargoes would help reduce risk. “They don’t get resolved quickly and can take years – many banks have been caught in that position. ” […]

July 02, 2011 (LBO) – Sri Lanka and Pakistan will begin talks Monday to expand trade and review the implementation of a free trade deal which was put in place to give more freedom for citizens of both countries to exchange goods with each other. Trade between the two countries was 346 million US dollars. […]

BRUSSELS, May 5, 2011 (AFP) – European Union trade chiefs are planning to strip away special export advantages granted to China, India, Indonesia and scores of other fast-growing economies, an EU source said Thursday. In total, more than 80 emerging economic players also including the likes of Morocco would lose from 2014 benefits gained under […]

Apr 28, 2011 (LBO) – Sri Lanka’s exports rose 36. 8 percent to 860.3 million US dollars in February with apparel exports rising 47.5 percent to 366.6 million US dollars while imports rose 27 percent to 1. 23 billion US dollars, the Central Bank said. Industrial exports rose 45.4 percent to 658.4 million US dollars. […]

Apr 26, 2011 (LBO) – Sri Lanka is seeking to access North American markets under the NAFTA trade deal through partnerships with Mexican businesses, minister of industry and commerce Rishad Bathiudeen said. Mexican Ambassador Nualart said Mexican businesses want to invest in food processing, multiplex cinemas and construction, specially shopping complexes, in Sri Lanka. “Joint […]

Apr 09, 2010 (LBO) – Sri Lanka’s government officials are learning more about World Trade Organization rules on services from Singapore as the country pushes ahead with becoming a trade and services hub. Experts from Singapore’s Temasek Foundation Centre for Trade and Negotiations (TFCTN) as well as experts from other countries are training Sri Lanka’s […]

Apr 01, 2011 (LBO) – Sri Lanka’s Minister of Industry and Commerce has decided to revive a regular meeting with exporters which allowed them to air grievances and get speedy solutions for problems. The Exporters’ Forum will be conducted with the Export Development Board (EDB), a government agency tasked with supporting exporters. The decision to […]

Mar 25, 2011 (LBO) – Sri Lanka’s commerce ministry has paid almost 500 million rupees to 76 exporters in the final payment under a scheme to reward them for maintaining exports during the 2008 recession. Despite numerous challenges faced by the government, the government tried its best to fulfil its commitments to the export community,” […]

Mar 22, 2011 (LBO) – China plans to make it easier for Sri Lankan exports to the country to clear customs and be distributed to local markets, according to the island’s Ministry of Industry and Commerce. “China is planning to provide favourable policies for custom clearance and inland transportation for exports coming from Sri Lanka,” […]

Mar 05, 2011 (LBO) – Sri Lanka’s exports and imports hit new monthly highs in December 2010 with shipments of apparel, the main industrial export, rising sharply despite the loss of duty free access to Europe. Expenditure on non food consumer import category also increased mainly due to higher imports of motor vehicles. All categories […]

Feb 25, 2011 (LBO) – Sri Lanka has told the European Union it does not want to renew a trade deal that was withdrawn over EU concerns about human rights abuses in the island’s ethnic war, a visiting EU lawmaker said. Jean Lambert, member of the European Parliament, said talks with Sri Lankan government officials […]