Category: Trade

Mar 13, 2015 (LBO) – Sri Lanka should be visited regularly by India as neighbors and collaborate in developing economic cooperation in both countries in order to get the advantage of ocean economy, Prime Minister of India Narendra Modi said at a gathering in Colombo. “This is how it should be between neighbours. We should […]

Feb 27, 2015 (LBO) – Sri Lanka northern expressway which links the Island’s capital Colombo to the northern Jaffna peninsula to be bided by Malaysian investors, a statement said. We are bidding for Northern Highway on BOT (build-operate-transfer) basis, Dato’ Seri S. Samy Vellu, Malaysia’s Special Envoy of Infrastructure for India and South Asia with […]

Feb 16, 2015 (LBO) – Sri Lanka and India signed four memorandum of understandings (MOU) between both countries, during the first official visit of President Sirisena to India after assumed duties, a report said. Sudharshan Seneviratne, High Commissioner of Sri Lanka in New Delhi and Ashish Bahuguna, Secretary, Department of Agriculture & Cooperation signed a […]

Feb 13, 2015 (LBO) – Sri Lanka’s Cabinet of Ministers has approved the proposal made by the Minister John Amarathunga to sign an agreement with India to waive the requirement of obtaining of Visas for Sri Lanka and India by diplomatic passport holders and official travel documents. Sri Lanka’s President Maithripala Sirisena is to visit […]

Feb 10, 2015 (LBO) – Sri Lanka’s annual provisional merchandise exports increased by 6.67 percent to 11.079 billion rupees, Export Development board of Sri Lanka (EDB) said in a statement. Fisheries for the month of December 2014 up by 7.8 percent to 22.83 million rupees. Declines experienced by coconuts by eight percent to 40 million […]

Jan 28, 2015 (LBO) – India’s Deputy High Commissioner says with the political changes in Sri Lanka ,it’s high time for both countries to expand the trade from goods to investment and service exchanges. Indo-Sri Lanka relations have been historic and diverse and with the new changes in Sri Lanka, relations can move towards new […]

Jan 20, 2015 (LBO) – Sri Lanka’s Exporters’ Association said that it expects that the new government will take steps to eliminate some of the barriers and deficiencies the sector faces towards boosting exports. Releasing a statement, the apex body of exporters said that the association has continuously lobbied on several platforms and to relevant […]

Jan 16, 2015 (LBO) – Sri Lanka’s Export Development Board (EDB) in talks with China’s Yunnan province for a corporate agreement to increase exports from the island, especially of high-value products, EDB said in a statement. We are currently preparing one of the strongest ever delegations to this year’s CSAE fair and we also positively […]

Dec 17,2014 (LBO) – Sri Lanka’s Hatton National Bank (HNB), a private lender entered into an agreement with The Export-Import Bank of Korea’ (KEXIM)recently to establish a revolving credit line of 50 million US dollars to finance trade between Sri Lanka and Korea, the bank said in a media release. With foreign trade between Sri […]

Dec 13, 2014 (LBO) – Sri Lanka’s exports declined by 13.7 percent, to 899 million US dollars in October 2014 from a year earlier with largest contribution from textiles and garments followed by transport equipment and rubber products, all of which are categorized under industrial exports, official data showed. Apparel exports were down 8.7 percent […]