Govt. to ease import restrictions

29 September 2022 05:06 pm Views - {{hitsCtrl.values.hits}} 5 Bookmark

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The government will ease the import ban on some goods that have been temporarily suspended due to the prevailing economic crisis, Finance State Minister Ranjith Siyambalapitiya said.

A gazette notification was issued on August 23, 2022 suspending importation of number of non-essential items.

The minister said that import restrictions were imposed on the relevant goods on the basis that they can be produced locally or are not essential.

“Our foreign reserves are at a very low level. We need money to import essential items such as gas, oil and medicine. So we wanted to create a priority list," he said

He said this during an observation tour at the Import and Export Control Department that the government had taken steps to suspend 1,465 items in the gazette notification. However, taking into consideration the requests of various parties including Chambers of Commerce, the import restrictions of 708 items were removed.

He said further relaxation of import restrictions will be done in the future. He pointed out that the government's expectation is to relax the import restrictions so as to be able to import the raw materials needed for local industries as well as protect the foreign reserves. (DSB)

Comments - 5

Gon Miniha Thursday, 29 September 2022 07:36 PM

From the beginning it seemed likely the whole import restriction was going to be sham. To seem strong with the IMF delegation coming. Now they're gone, it's the usual back to the usual ruining the country for the benefit of rich businesses who support politician during election. Even IMF and creditor has to know the obvious tricks of the government. All fun to government and MPs and pain to creditors.

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GHT Thursday, 29 September 2022 11:28 PM

Anyway stop importing anything from INDIA immediately and cut ties with INDIA that will ruin our country. Never ease restrictions on goods imported from India.

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Gama Rala Friday, 30 September 2022 06:16 AM

This is an state emergency. The pohottuwa MPs are dying without their foreign liquor, perfume and toiletries.

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Tissa Fernando Friday, 30 September 2022 08:31 AM

Ham , bacon crowd want import restrictions removed .

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Down the prices Friday, 30 September 2022 10:34 AM

Stop trying to block Undial and Hawala. Those were the most effective ways to allow for cost effective import, while the idiot Central Bank SL has our currency pegged. All world currency has gone done a lot recently (this month) after US Central Bank raised their interest rates. However, our rupee keeps holding steady. However our rupee will go through a far greater drop sooner or later, while the peg further ruins our economy. Also only undemocratic country of currency peg like ours. All well trusted democratic countries all for full continuous free/unhindered float of their currencies.

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