"We
are progressing very satisfactorily with the electronic
submission of our declarations. We are happy to say that
90% of our import cusdecs are sent electronically and
the BOI desk is also doing a fast job."
News and
Events
Electronic Data Interchange (EDI) – The most popular reform
In 2006/2007 EDI has been introduced as the most popular reform and Sri Lanka is listed as one of the countries using introduced or improved electronic data interchange system (Table 9.2).
Lanka best in the region for cross border trading
Rohantha Athukorala, Director, Economic Affairs - SCOPP | Daily News ,
20080213
The Global Economic Prospects (GEP) has estimated the South Asian Economy has grown by 8.4% in 2007. Consumer demand in the region has been boosted by expanding credit, rising incomes and strong worker remittances.
South Asia experienced investment growth being buoyant, as the business sentiments transmitted was positive. Revenue and profits of the corporate sector catapulted to make it the most attractive region for global players.
The 2008 growth in South Asia is expected to ease to 7.9% in response to slower external demand whilst, the Global growth is estimated to settle at 3.6%.
New port documentation system successful
Daily News ,
20080424
Cargo clearance statistics in port reflect a progress in clearing of cargo with the installation of the automated cargo clearance system.
This has created a considerable progress with the import manifests being filed electronically along with tea export documentation which flow profusely, trade officials said.
Sri Lanka customs and the Sri Lanka Ports Authority (SLPA) have completed with shipping lines the filing of import manifests documents electronically.
Therefore, automatic cargo clearing has enabled to speed up trade flows, reduce cost and port congestion, said the Ports Authority sources.
