ECONOMYNEXT – An anti-dumping law that Sri Lankan businesses have been lobbying for has been approved by the government’s legal office and will be presented to parliament in the next 2-3 weeks, Minister of Industry and Commerce Rishad Bathiudeen said.
A ministry statement said Sri Lankan industries have been assured that proposed free trade deals the government intends to sign will not affect them nor result in a flood of cheap imports domestic manufacturers are fearful of.
The much sought after anti-dumping legislation has been cleared by the Attorney General and is ready to head to the legislature, it said. The bill is now being translated to be presented to the Parliament.
“We are planning to present the draft Anti-Dumping Bill to the Parliament in the coming two-three weeks,” Bathiudeen told the 26th annual meeting of the Industry Association of Sri Lanka (IASL). “The policy of the unity government is to support development of industries.“
Last year, Bathiudeen and Minister of Development Strategies and International Trade Malik Samarawickrama proposed the Anti-Dumping legislation to the Cabinet and received the go-ahead to proceed.
(COLOMBO, Sept 29, 2017)