shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Sri Lanka Relaxes Import Restrictions

Sri Lanka Relaxes Import Restrictions

by Joshua
June 2, 2022
in News

Sri Lanka has relaxed import restrictions imposed on 369 items in March and April this year, the Ministry of Finance said in a statement on Wednesday.

RanilWickremesinghe

Prime Minister Ranil Wickremesinghe, in his capacity as the minister of Finance, Economic Stabilisation and National Policies, issued a gazette notification on the relaxation, the ministry said.

Earlier, those who wanted to import any of the 369 items had to obtain an import licence and the decision to restrict the import was taken to reduce foreign currency spending on foreign products.

Read Also:  More Container Vessels Queue Outside Shanghai Port, As Business Gets Back To Normal

Multiple rounds of import restrictions on motor vehicles, ceramic items and mobile phones have been initiated since March 2020, to reduce pressure on limited reserves.

Sri Lanka’s central bank had on Monday announced that it would ensure importers have access to adequate foreign exchange through the banking sector to import essential items.

The country has been facing crippling foreign currency shortages this year, which has affected the import of essential items.

shippingposition

Kindly like us on Facebook


Tags: Sri Lanka

Related Posts

IMO ELECTIONS: Oyetola Flags Off Nigeria’s Election Campaign in London

IMO ELECTIONS: Oyetola Flags Off Nigeria’s Election Campaign in London

June 20, 2025
Stakeholders Advocate E-Commerce Integration To Boost $3.4trn AfCFTA Market

Centre Urges FG to harmonise AfCFTA Strategies For Speedy Implementation 

June 20, 2025
APFFLON Calls for Urgent Reform of Nigeria Police Force

APFFLON Calls for Urgent Reform of Nigeria Police Force

June 20, 2025
Dantsoho’s Giant Strides at NPA: Port Reforms, Trade Growth, Maritime Diplomacy Define New Era

Dantsoho Front Lines Human Capital Development As NPA Promotes 1,500 Employees

June 19, 2025

Latest News

IMO ELECTIONS: Oyetola Flags Off Nigeria’s Election Campaign in London

IMO ELECTIONS: Oyetola Flags Off Nigeria’s Election Campaign in London

June 20, 2025

Centre Urges FG to harmonise AfCFTA Strategies For Speedy Implementation 

APFFLON Calls for Urgent Reform of Nigeria Police Force

Vessels Expected At Lagos Ports As At 19th June, 2025

Dantsoho Front Lines Human Capital Development As NPA Promotes 1,500 Employees

Navy Arrests 3 Suspected Oil Thieves In Delta

Workers’ Welfare: Maritime union issues 21-day ultimatum to Melsmore

Customs Intercept Guns, 1,433 Live Cartridges In Ogun

Maritime Police, Clearing Agents Task Force Forge Alliance to Tackle Port Corruption, Economic Sabotage

Vessels Expected At Lagos Ports As At 18th June, 2025

Adeyanju Commends MWUN Over Election of New Executives of Shipping Branch

IPMAN Urges Reversal Of Truck Parking Fee

kindly like our Facebook page

Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts
Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025

Association of Medical Laboratory Scientists of Nigeria, Lagos State chapter, has raised the alarm over the increasing number of men...

20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025
Some Truths and Myths About Agbo Herbal Concoction

Some Truths and Myths About Agbo Herbal Concoction

April 21, 2025
The Malaise Of Misuse of Antibiotics

The Malaise Of Misuse of Antibiotics

April 14, 2025
Urologist Debunks Breast-Cancer Prevention Myth

Urologist Debunks Breast-Cancer Prevention Myth

April 14, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition