Sri Lanka to implement national tariff policy next January

Colombo, June 13 Sri Lanka Cabinet approved a proposal by President Ranil Wickremesinghe to implement the national tariff policy in three phases from January 2025, the government's Information department said.

The competitive environment for investment in Sri Lanka has been adversely affected due to the revision of the tariff policy following the various policies introduced from time to time by the existing governments, the department added on Wednesday as quoted by Xinhua news agency report.

It said considering the situation, a technical committee has been appointed to formulate a national tariff policy.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor