The Government has decided to revise special commodity levy on imported potatoes in order to ensure a better and reasonable price for local farmers who are engaged in potato cultivation.Accordingly, special commodity levy charged per kilo of imported potatoes has been increased from Rs.15 to Rs.25
The Government provides seeds and fertilizer to the farmers in order to boost local agrarian products. Particularly, high import taxes are imposed on products such as Chilli, Cowpea, Green gram, Peanut, Sugar, Kurakkan which are locally produced to ensure a high price for the production of local farmers. Consequently, the country is self - sufficient in some of these products, such as rice and Maize and currently, local farmers are able to supply their production to meet 50% of the consumption requirement of the country
5th Joint Committee meeting on Trade and Economic Cooperation between Sri Lanka and China was held in Colombo, Sri Lanka on 24th April 2013. The two parties conducted fruitful discussions on the promotion of trade, tourism and investment between the two counties. An agreement on Economic and Technical Cooperation for USD 16 million and a Loan Agreement on Provision of Concessional Loan of USD 147 million by China to Sri Lanka for Hambantota Port Development Phase I Project for Ancillary Works and Supply of Equipment were signed between the two countries.
The Excise Duty on Spirits (Ethyl Alcohol) has been revised with effect from 03rd April 2013. The new rates have been published in Extraordinary Gazette notification No. 1804/16 dated 03.04.2013. Read more...
The authority vested to the Secretaries of Ministries/Chief Secretaries of the Provincial Councils, to issue motor vehicle permits for the importation of motor vehicles on concssionary terms, by public Officials/Officials of the Public Enterprises, under the provisions of Trade and Investment Policy Circular No. 1/2010. Circular
The Government of Japan has agreed to provide grant assistance amounting to Rs. 3,749 million for implementation of four projects by considering the request made by the Government of Sri Lanka with the objective of promote socio economic development of Sri Lanka while strengthening quality of sectors: Fisheries Industry, Highways and Health. This grant assistance is provided under Japanese Annual Grant Aid Schemes including General Grant Aid, Technical Cooperation and Non Project Grant Aid for the following projects. Read more ...
Adding a new leaf to the aviation history of Sri Lanka, Mattala Rajapaksa International Airport is declared open on 18.03.2013 under the patronage of His Excellency the President Mahinda Rajapaksa.A massive Aircraft such as A 380 could land to this Airport which consists of a 3,500 meter long and 75 meter wide runway
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