Sri Lanka bans re-export of minor export crops to protect local farmers

Release time:2019-12-06 Publisher:Lanka Voice

Sri Lanka's Ministry of Finance has banned the importation of spices and minor crops from midnight Thursday (05) to protect the local farmers.

The importation of black pepper, Dry Areca nut, cinnamon, nutmeg, mace, cardamom, ginger, turmeric and cloves for re-export has been banned from midnight yesterday.

The Ministry of Finance said in a statement that the importation of several commodities will be regulated through two special gazette notifications issued on the orders of the Minister of Finance, Economic and Policy Development.

The gazette notifications issued under Commercial Hub Regulations in the Finance Act, Direct Re-export and Import of spices for the purpose of re-export after minor processing are prohibited.

The purpose of the ban is to protect and encourage small export crop growers and small and medium scale industrialists. Farmers who cultivate agro products in about 9 districts will benefit from the ban.

A Second Gazette Notification issued in accordance with the Regulation of the Import and Export Control Act has taken steps to regulate the importation of products of highly competitive domestic industries such as Wesak lanterns, kites and incense sticks

The main objective of this move is to prevent damage to Sri Lanka's reputation as an export brand due to re-export of substandard products.

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