Sri Lanka exports to rise after regaining GSP+ status

Sri Lanka exports to rise after regaining GSP+ status

On May 19 the EU formally restored Sri Lanka to the ranks of countries that benefit from the enhanced Generalised System of Preferences Plus (GSP+), which provides additional tariff preferences. The move was an acknowledgement that the country had committed to ratifying and implementing 27 international conventions covering…

Sri Lanka to abolish import control fee for tea

Sri Lanka to abolish import control fee for tea

Sri Lanka’s cabinet nod has been received to abolish the import control license fee for imported tea in line with 2017 budget proposals. There has been a significant debate on the issue of importing cheaper leaves for blending and re-export, over fears of damaging Ceylon Tea brand. Some…

Labor shortage hits Sri Lanka’s cinnamon industry

Labor shortage hits Sri Lanka’s cinnamon industry

Along Sri Lanka’s west coast, towns like Negombo have abundant green cinnamon farms that keep peelers of the bushes’ fragrant inner bark busy. Pesthathanthri Sumathipala, a seasoned peeler, is up at dawn to lead a small crew of peelers through a 20-hectare farm. Skilled eyes are needed to…

Sri Lanka Economic Summit to discuss need for Smarter Trade Strategy

Sri Lanka Economic Summit to discuss need for Smarter Trade Strategy

‘Sri Lanka Economic Summit 2017’ will dig deeper into the island’s trade reform agenda anchored towards new preferential…

Sri Lanka eyes 26 per cent growth in Indian tourists

Sri Lanka eyes 26 per cent growth in Indian tourists

Sri Lanka is eyeing a 26 per cent growth in the footfall of tourists from India in the…

Sri Lanka tourist arrivals up 4.5-pct in June; Chinese visitors drop

Sri Lanka tourist arrivals up 4.5-pct in June; Chinese visitors drop

Sri Lanka’s tourist arrivals rose 4.5 percent to 123,351 in June 2017 from a year earlier, with a…

UNDP to help uplift local SMEs through National Trade Fair

UNDP to help uplift local SMEs through National Trade Fair

The United Nations Development Programme (UNDP) Sri Lanka will organize Aadhayam 2017, a national trade fair, to help…

ADB doubles its assistance to Sri Lanka to USD1bn

ADB doubles its assistance to Sri Lanka to USD1bn

Asian Development Bank (ADB) has doubled its multi-sectoral assistance to Sri Lanka as a result of the merger…

Top Saudi entrepreneurs explore investment possibilities in Sri Lanka

Top Saudi entrepreneurs explore investment possibilities in Sri Lanka

One of the leading international entrepreneurs, Prince Alwaleed bin Talal bin Abdulaziz al Saud called on President Maithripala…

Global tea party to mark Sri Lanka’s tea industry

Global tea party to mark Sri Lanka’s tea industry

A global tea party to mark the birth of Sri Lanka’s tea industry 150 years ago will be…

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