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Indian imports cut; SAFTA to be amended

14 June 2012 05:24 am - 27     - {{hitsCtrl.values.hits}}

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The government stressed the need to further restrict imports from India by amending the South Asia Free Trade Agreement (SAFTA), in order to boost the development of local industries, informed sources said.

President Mahinda Rajapaksa, at the Cabinet meeting, instructed the Industry and Commerce Ministry to amend SAFTA and do away with the sensitive list. The government has sought to remove 208 varieties of goods being imported into the country from the countries in the SAARC region. Most of these are imported from India.

It was pointed out at the meeting that even such items as joss sticks were imported under this agreement and, therefore, it was high time Sri Lanka developed its local industries.  

Among the items sought to be removed from the sensitive list, are infants’ milk food, safety razor blades, spoons, forks, ladles, knives, skimmers, sugar tongs, aluminums bars and harvesting and threshing machinery.

 The Trade and Commerce Ministry submitted a Cabinet paper in this regard, and sought the approval of the government to go ahead. Informed sources said that the decision was taken after due consultations with the business community and local manufacturers.

“Most countries in the region have reduced their sensitive lists under SAFTA. However, we are late. We have to do it,” a source said.

According to sources, the President had asked the Ministry to go ahead with the decision after further consideration of the pros and cons involved.  (Kelum Bandara )

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  Comments - 27

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  • John Thursday, 14 June 2012 06:12 AM

    and substandard unbranded drugs too?

    Huna Thursday, 14 June 2012 06:15 AM

    Now This is a really good move

    Mcx Tips Friday, 15 June 2012 03:34 AM

    Nice post thanks.

    Asanka Thursday, 14 June 2012 10:43 AM

    Great move. If we can implement this restrictions the country will benefited immensely as India has unfair trade balance with us.

    Vaidy Friday, 15 June 2012 02:27 PM

    Hope no restriction on Textiles

    Asanka Thursday, 14 June 2012 10:46 AM

    When it comes to Joss sticks. Indian products have cancerous chemicals and should implements ban immediately.

    senthil Thursday, 14 June 2012 06:46 AM

    direct consequence of India supporting the US resolution, don't forget there is another round coming around the corner

    Dalu banda Thursday, 14 June 2012 10:50 AM

    Buy Isuzu trucks that last long have superior quality. Previously the Sathosa and Marketing department used Isuzu lorries for transport essential items.

    Alex Thursday, 14 June 2012 10:58 AM

    Its because of these indians that we did not get the proper place in the world

    RajasH Thursday, 14 June 2012 11:21 AM

    .Harvesting and Threshing Machine is a local industry?

    R.Dias Thursday, 14 June 2012 11:28 AM

    Is there anything to cut....?

    Lapas Thursday, 14 June 2012 07:21 AM

    High time to stop TATA vehicles too, and develop our local industry

    Pransnna Thursday, 14 June 2012 11:27 AM

    we import substandard product from india as Tata buses,Bajaj Threeweehles (Engine Noise ) This causes health authority millions first we must have import standards .

    xlntgson Friday, 15 June 2012 03:40 PM

    Local industries depend on raw materials from India. e.g., popadam (black gram)

    Abu Thursday, 14 June 2012 11:40 AM

    Correct stop Bajaj & Tata, insted import japenese if able.We must stop importing all our food items from india instead we must encourage our farmers with subsidies. People will support the government to control imports. Please stop indian law quality medicine instead import it from Germany,Switzerland or from England.

    Daya Thursday, 14 June 2012 07:28 AM

    Good move. We should also stop food products and encourage local production.

    Kondeybendapucheena Thursday, 14 June 2012 07:32 AM

    Bajaj Bajaj Bajaj

    Nodrog Thursday, 14 June 2012 12:01 PM

    Saying it is one aspect, implementing is another and a more difficult one.

    Aney Machang Thursday, 14 June 2012 07:53 AM

    The fasting season is going to begin for all Sri Lankans!

    pension kaaraya Friday, 15 June 2012 05:26 AM

    ANE !!! INDIAWA HIGAMANATA VATEVI!!

    simon nonis Friday, 15 June 2012 05:47 AM

    IF YOU PAY PENUTS YOU GET MONKEYS . ALL INIDAN PRODUCTS ARE CHEAP CRUDE NOT LONG LASTING. NO ONE IN THE WORLD IMPORT INDIAN PRODUCTS EXCEPT SOME HANDFUL OF NEGIHBOUING COUNTRIES LIKE SRI LANKA. INDIAN IS ONLY GOOD AT IST SERVICE SECTOR LIKE CALL CENTERS ECT.
    HAVING SAID THAT TODAY INCLUDING WESTERN WORLD THEY HAVE WORKEN UP TO LIFIT THER OWN INDUSTRIES SO DO SRI LANKA SHOULD FALLOW THE FOOT STEP THAN IMPORTING DAILY FROM INDIA. TODAY I FIND A SAFTY PIN IS BEEN IMPORTED FROM ANOTHER COUNTRY. ITS A SHAME

    Economist Thursday, 14 June 2012 08:31 AM

    Lol, Simply put - Due to the current Foreign exchange rate, people can't afford to import!

    buffaloa citizen Thursday, 14 June 2012 08:50 AM

    Good idea, but does any body have the guts to do it?

    Saradial Thursday, 14 June 2012 08:56 AM

    I wondering is there any company to develop? I guess we have to start.

    wimal Thursday, 14 June 2012 05:26 AM

    It is good to stop all imports from india completely for two years till our balance of payments corrected.

    iPanda Thursday, 14 June 2012 05:29 AM

    At last sanity has come. may it prevail and be safe from corrupt officials

    asp028 Thursday, 14 June 2012 09:49 AM

    Good move whatever said and done by others.Sri Lanka products should be promoted.
    How how many will be there to blame for this.


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