Sri Lanka, Dec. 6 -- A Gazette notification has been issued prohibiting the re-export of key spices and allies products from Sri Lanka, with immediate effect. The Ministry of Finance, issuing a release yesterday, said no approval will be granted under the Finance Act-Commercial Hub Regulations of Sri Lanka to engage in entrepot and provision of logistic services to any re-export business or transshipment related to key local spices and allied products.
Accordingly re-export of pepper, areca-nut, nutmeg/mace, tamarind, cinnamon, clove, ginger, turmeric, and cardamom will be barred hereafter. The Ministry's release further mentioned that the re-export of garbage, processing of garbage or recourse recycling business will also be prohibited by...