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The lack of knowledge and awareness among traders of the concessions offered by free trade agreements has been a major obstacle to Sri Lanka`s full benefit from existing free trade agreements. Although the majority of exporters/importers are aware of free trade agreements, many SMEs are not aware of specific information on the tariff concessions offered and on the procedures for acquiring preference (ROO, tariff quotas, etc.). This list includes sensitive products that are exempt from tariff concessions under the Agreement. The negative list should be established in consultation with local stakeholders, balancing revenue considerations with the impact on local industry and livelihoods that may be affected by trade liberalization.

Posted on September 12th, 2021 | filed under Uncategorized |

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