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SL import ban irks EU

19 November 2020 03:51 pm - 1     - {{hitsCtrl.values.hits}}

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·         Says trade is not a one-way street

The European Union (EU) today expressed its displeasure in Sri Lanka continuing to impose restrictions on imports stating that trade is “not a one-way street”.

An EU statement pointed out that current import restrictions, that was put in place to help improve the island nation’s balance of payment position, are having a negative impact on Sri Lankan and European businesses, and on Foreign Direct Investment.

“Such measures impair Sri Lanka’s efforts to become a regional hub and negatively impact Sri Lankan exports by constraining the import of raw material and machinery. We recall that a prolonged import ban is not in line with World Trade Organisation regulations,” the Delegation of the European Union (EU) in Sri Lanka told the media in a joint statement with the Embassies of France, Germany, Italy, Netherlands.

The position was communicated to Foreign Minister Dinesh Gunawardena by the delegation after a series of high-level meetings were conducted by Colombo-based Heads of Missions representing the European Union and its Member States, to assess the challenges faced in trade.

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • RD Friday, 20 November 2020 11:32 AM

    Why we need to buy EU goods when we have enough people to drink our own tea, use our rubber for the tyre factory, etc.? No need to import anything, we can produce all things here.


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