Reply To:
Name - Reply Comment
Last Updated : 2024-04-26 02:12:00
The Government is set to ease import restrictions on about 300 to 400 items, effective from next week, State Finance Minister Ranjith Siyambalapitiya said today.
This move comes as a result of the improved supply of US dollars, leading to a decision to relax the constraints imposed earlier.
Speaking to the media in Ruwanwella, Minister Siyambalapitiya highlighted that the import restrictions were initially put in place due to the shortage of foreign exchange in April of the previous year.
“The significant depreciation of the Sri Lankan Rupee, nearly 100 per cent, further necessitated the need for these measures,” he said.
The Government opted to restrict the importation of non-essential items during this challenging period.
However, Minister Siyambalapitiya emphasized that the Government remains committed to protecting and promoting local industries.
“Therefore, import restrictions on goods that are domestically produced will not be lifted at this time,” he said.
Last year, in response to the foreign exchange crisis, the Government imposed a ban on the importation of 1,465 items. However, subsequently, certain restrictions were gradually lifted on select products, considering the evolving economic situation. (Darshana Sanjeewa Balasuriya)
Dhusana Friday, 02 June 2023 11:54 AM
Luxury Vehicles for Politicians can be included in the List
Karalasingam Sivalingam Friday, 02 June 2023 12:34 PM
Healthy signs emerging, congratulations Ranil and team.
dickie bird Friday, 02 June 2023 08:59 PM
We are going to get screwed by our own decisions.
cineha Friday, 02 June 2023 09:20 PM
Looks like this announcement itself depreciated the rupee value. Will there be a roller coaster effect once those imports are in fact effected.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul