Sri Lanka, March 27 -- Tariff Liberalisation Programme with Singapore to Parliament

On May 29, 2023, the Cabinet has approved the re-implementation of the Tariff Liberalisation Programme in Sri Lanka under the Sri Lanka-Singapore Free Trade Agreement. Accordingly, an order has been published in the Government Gazette on June 30, 2023 as per the provisions of the Revenue Conservation Act No. 19 of 1962 to implement the first annual phase removal of customs import duty imposed on 1116 Combined Classification Codes classified under the 6th Category of the Sri Lanka Singapore Free Trade Agreement Tariff Liberalisation Programme with effect from July 1, 2023.

Parliamentary approval for that has been received on October 4, 2023. In order to i...