Published on 28 March 2014
The Development Policy Framework of the government envisages a modern economic infrastructure system covering entire country. The strategic city development programme of the government identified by the Mahinda Chinthana policy framework is now been implemented parallel to the development of road and expressway network of the country to suite a middle income economy. Under the above programme all cities which are strategically important will be developed as planned cities recognizing their uniqueness.
Establishing the Guaranteed price for Potato, Big Onion and Dried Chili as Proposed in the Budget 2014
Published on 27 March 2014
With the target of 10 percent growth in the agriculture sector, the Government aims at achieving national food security, ensuring a reasonable price for agricultural products and creating an uninterrupted access to competitive markets both in Sri Lanka and abroad for value added agricultural products.
It is required to take further actions i.e. expanding the extent under cultivation, using high yielding seeds, utilizing efficient water management system, reducing wastage in transport and producing modern storage facilities to meet the above targets. The Government development expectation is to transform from a net food importing economy to a net food exporting economy by exceeding self-sufficiency in grains such as green gram, cowpea and soya been in addition to rice, maize, black grame and production of chicken, eggs. It has to be imported, spending huge amount of foreign exchange due to the local production of three main food crops i. e. Potato, Big Onion and Dry Chili is not sufficient to meet the total consumption of the country. In year 2013, the expenditure incurred in importing those commodities is Rs. 19,104 Mn.
Finalization of the Joint Feasibility Study of the Free Trade Agreement between the Government of People’s Republic of China
The finalization of the joint feasibility study on the proposed Sri Lanka – China Free Trade Agreement (FTA) was jointly announced by Dr. P B Jayasundara, Secretary, Ministry of Finance and Planning and Mr. Wang Shouwen, Assistant Minister of Commerce of China during their official meeting in Beijing on 11th March 2014. The finalization of the Joint Feasibility Study opens the avenue for the discussions on the Free Trade Negotiations which is expected to be commenced soon.