Sri Lanka to abolish para tariffs in 1200 items, help for industry

ECONOMYNEXT – Sri Lanka will abolish para tariffs in 1200 items but will help domestic industry to reach international markets, Finance Minister Mangala Samaraweera said.

Sri Lanka had to end a protectionist policies that had kept export competitiveness, he said.

Sri Lanka will give subsidies for firms to get shelf – space in foreign markets.

An anti-dumping law and anti-monopoly law will be brought he said.