In Sri Lanka, which is reeling under economic crisis, the government has taken drastic measures. The import of 305 items including coconuts, nuts, chocolate, bottled water and cosmetics has been banned for an indefinite period. Sri Lanka is a country that imports even salted camphor. The action of President Ranil Wickrama Singha, who is in charge of the Finance Minister, is aimed at minimizing the outflow of the country’s money. According to the Import-Export Control Act, the import of 305 goods has been banned.
Milk, Buttermilk, Yoghurt, Condensed Milk, Mineral Water, Soft Drinks, Bottled Juices, Coconut, Cashew Nuts, Brazil Nuts, Chocolates, Cosmetics, Shaving Creams, Lotions, Flowers, Ornamental Plants, Garments, Miscellaneous Used in Construction Sector Even stones and metals have import bans. Instead of imported goods, it is proposed to use locally produced goods. Earlier, the government had hinted that import of non-essential goods would be avoided. Also, the President had informed the Parliament shortly following taking office that there would be drastic measures to control inflation. The government is looking at whether it can control the foreign exchange deficit through the ban. Meanwhile, the island nation’s efforts to get a loan from the International Monetary Fund are continuing. Official level discussions started yesterday. The Sri Lankan government is hoping to get the loan by the end of this year.
