Updated on : 07-10-2022
Sri Lanka mulls controlling rubber imports for export industries
Sri Lanka is considering controlling rubber imports for export industries in a bid to keep domestic rubber prices up, Cabinet spokesman Minister Bandula Gunawardana said.
Sri Lanka export industries approved by the Board of Investment are allowed to import rubber when required. Some tyre firm in particular need lower grade rubber which are not available in sufficient quantities.
Plantations Industries Minister Ramesh Pathirana had informed cabinet that authorities were looking to control rubber imports to keep domestic prices up, Gunawardana said.
Sri Lanka’s latex prices in particular had dropped reducing incomes for farmers, he said.
During the Coronavirus crises demand for latex (liquid rubber sap) went up as demand for gloves went up.
|Sri Lanka’s Trincomalee port starts night operations
|Sri Lanka tourist arrivals up 67.5-pct in April 2023
|Sri Lanka to give cut-price loans to small and micro firms hit by crisis
|Sri Lanka coconut auction prices continue to climb
|Sri Lanka mulls controlling rubber imports for export industries
|Search Trade Information
|Free Trade Agreement
|SPS/TBT Enquiry Point
|General Guidance to Export
|News & Articles
Tariff & Other Taxes Update Table