FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

Import Ban should continue for at least two years Vote_lcap16%Import Ban should continue for at least two years Vote_rcap 16% [ 43 ]
Import Ban should continue for at least two years Vote_lcap21%Import Ban should continue for at least two years Vote_rcap 21% [ 57 ]
Import Ban should continue for at least two years Vote_lcap30%Import Ban should continue for at least two years Vote_rcap 30% [ 83 ]
Import Ban should continue for at least two years Vote_lcap34%Import Ban should continue for at least two years Vote_rcap 34% [ 93 ]

Total Votes : 276

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOLC FINANCE PLC (LOFC.N0000)
by sojsilva Sat Nov 26, 2022 10:07 am

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Nov 25, 2022 11:32 pm

» What will happen tomorrow?
by K.R Thu Nov 24, 2022 7:56 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by ErangaDS Wed Nov 23, 2022 6:34 pm

» KZOO.N SHAW WALLACE INVESTMENTS PLC TP 10/
by cheetah Wed Nov 23, 2022 11:16 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Wed Nov 23, 2022 6:53 am

» SRI LANKA TELECOM (SLTL.N0000) - Reawakening the Giant
by Equity Win Tue Nov 22, 2022 12:10 pm

» EXTERMINATORS PLC (EXT.N0000)
by ErangaDS Tue Nov 22, 2022 10:35 am

» Focus on Government controlled entities
by K.R Sun Nov 20, 2022 10:45 am

» Singapore based Kreate Design to invest USD 1 Billion to Colombo Lotus Tower
by K.R Sat Nov 19, 2022 1:40 pm

» China working with other lenders on ‘easing’ Sri Lanka debt
by K.R Sat Nov 19, 2022 1:31 pm

» Billionaire owned listed companies faces insolvency issues in Sri Lanka
by God Father Sat Nov 19, 2022 10:11 am

» Wahts going on with Expo
by sanjayaK Fri Nov 18, 2022 2:23 pm

» REGULATORS - DUTY OF CARE
by God Father Fri Nov 18, 2022 1:47 pm

» CIC going to next level
by suku502 Wed Nov 16, 2022 12:51 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by K.R Tue Nov 15, 2022 8:03 pm

» LANKA HOSPITAL + SRI LANKA TELECOM + HOUSING DEVELOPMENT COOPERATION
by nish84 Tue Nov 15, 2022 4:29 pm

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
by Thushara Ayya Tue Nov 15, 2022 10:16 am

» Budget Analysis 2023 - KPMG Sri Lanka
by CHRONICLE™ Tue Nov 15, 2022 9:17 am

» HAPUGASTENNE PLANTATIONS PLC (HAPU.N0000)
by Dilshan2020 Tue Nov 15, 2022 8:39 am

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Import Ban should continue for at least two years

Import Ban should continue for at least two years

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator


Import Ban should continue for at least two years Unname10

Import ban on vehicles & luxury goods should continue for at least two years for SriLanka's battered economy to raise its head. If allowed in the present scenario it will not be surprising to see the dollar exchange rate exceed Rs250.

As far as vehicle imports are concerned, even before corona outbreak the roads were unable to cope with the traffic and making things worse was the inadequate parking spaces in towns & cities. Even when the ban is lifted is it wise to bring in unlimited number of vehicles into the country without having adequate infrastructure facilities to cope with the additional traffic? In addition to this air pollution is another matter of serious concern.

The govt should consider the above factors when lifting the ban even after two years.

DamithAsian likes this post

Share this post on: reddit

avatar

Post Fri Nov 20, 2020 7:34 pm by DamithAsian

The meeting of EU and SL today had ended with good positive outcome. SL convinced EU representatives that import ban is reviewed and lift restrictions as suitable with the SL situation. EU accepted that response. SL government may do something in recent future to show our compliance towards international trade.

This will be good positive news to trigger the Monday market upwards. Cheers...

lbnnirmal, Kipling, RJ1010 and judecroos like this post

avatar

Post Sat Nov 21, 2020 10:46 pm by ADVENTUS

DamithAsian wrote:The meeting of EU and SL today had ended with good positive outcome. SL convinced EU representatives that import ban is reviewed and lift restrictions as suitable with the SL situation. EU accepted that response. SL government may do something in recent future to show our compliance towards international trade.

This will be good positive news to trigger the Monday market upwards. Cheers...
Is there a source for this?

avatar

Post Sun Nov 22, 2020 8:31 am by DamithAsian

Lanka Business Online
Menu
Import restrictions are reviewed as we move along, Foreign Minister tells EU Delegation
Author LBO
Posted on November 20, 2020 | Economy, Lead Story, Special Reports, World


Nov 20, 2020 (LBO) – Sri Lanka’s Foreign Minister Dinesh Gunawardena emphasizes that the current import restrictions are reviewed as the country moves along.

During a recent discussion with the Foreign Minister, the Ambassadors of Italy, Germany, Netherlands, France, Romania and the EU Delegation based in Colombo sought clarifications regarding the recent import restrictions that were enforced and the likely timeframe the restrictions would be lifted.

Foreign Minister Gunawardena has explained the challenges Sri Lanka was facing on its economy and the foreign currency reserves due to the significant reduction in remittances and tourism revenues induced by the COVID-19 global pandemic.

However, he has underlined that the import restrictions are reviewed as we move along.

During the discussion, the EU Ambassadors have reaffirmed their desire to continue to further strengthen bilateral relations with Sri Lanka with a special focus on further advancing trade, investment and tourism sector cooperation.

The Ambassadors highlighted that Sri Lanka’s exports to the EU market worth EUR 2.3 billion, continued to grow and benefit from the EU GSP+, which allows duty free access for over 6,000 export product categories.

Minister Gunawardena has appreciated the assistance provided by the EU countries to Sri Lanka for economic and social recovery from COVID-19 pandemic, including the continued assistance for several development projects, particularly in the education, skills development, agriculture, and dairy development and water supply sectors and in investments with the private sector.

The Foreign Minister also assured that Sri Lanka was committed to achieving the SDGs and to addressing issues related to reconciliation through a credible domestic process.

The Ambassadors appreciated the cordial, open and continued dialogue between the EU member states and Sri Lanka on a number of issues of shared interest.

Related: European Union Delegation warns Sri Lanka over prolonged import ban



About Us
LBO is the pioneer and leader in online business and economics news in Sri Lanka, LBO brings you a more comprehensive online news experience, integrating a host of interactive tools to keep you better informed.
LBO Brands
Subscribe Now
Want to receive news alerts?
You can receive time-sensitive updates via email messaging. Enter your e-mail address and other details to subscribe to our newsletter.
email address
Quick Links
Terms of Use
Advertise

Privacy

About Us

Contact Us

Newsletter

© 2001-2017 Lanka Business Online (Pvt) Ltd. All rights reserved. Designed by Lanka Business Online (Pvt) Ltd.
WP Twitter Auto Publish Powered By : XYZScripts.com

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum