June 01, 2007 (LBO) – Sri Lanka’s Board of Investment has cut down export document processing time by starting an internet-based system to submit information, officials said. The Board of Investment operates several export processing zones where investors have special facilities to make it easier to import raw materials and export finished products.
The new system enables exporters to submit customs declarations (cusdecs) of export cargo from the factory itself via the internet.
With the new export cusdecs system, sea freight documents would be processed at a central verification terminal at Urugodawatte.
Air freight documents would be processed at the air cargo terminal at Katunayake.
Chairman, BOI Dhammika Perera says Sri Lanka must be made more competitive as a destination for investment.
“One way of achieving this goal is by making the country more investor-friendly. For many investors this signifies that it is easier to do business and that there are fewer bureaucratic requirements,” Perera said Friday.
The system covers the whole country and enterprises in Sri Lanka can get export services from any of the service centres in Colombo, Katun