Sri Lanka lifts import bans except for vehicles in COVID-19 economic recovery plan
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Https, May 22 -- Sri Lanka HAS lifted its import restrictions on several products despite retaining the ban on vehicle imports, as part of its COVID-19 economic revival plan.
The temporary ban on the importation of products which was imposed amidst a foreign exchange crisis in April was relaxed last month as the government permitted the imports of raw materials with prior approval.
"No prior approval is required as the temporary suspension is no longer applied," President's Secretary P.B. Jayasundera said in a letter to the director-general of the customs department.
The country's economic revival plan aims to stabilize the exchange rate, increase domestic value addition, and also strengthen the domestic supply chain to avoid dependenc...
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