The Government of Sri Lanka views the sector as one that stimulates innovation, investment, and export-led growth. In that endeavour numerous incentive schemes, including tax incentives, tax holidays, avoidance of double taxation, and policy facilitators have been introduced. Export processing zones that have been established in many parts of the country provide hassle free manufacturing and processing infrastructure.
Creating preferential access to global markets, exporters of Electronics and Electrical products and services benefit from a host of bilateral and multilateral free trade agreements, including the Indo-Lanka Free Trade Agreement, Pakistan-Sri Lanka Free Trade Agreement and South Asian Free Trade Area (SAFTA). The Generalised Scheme of Preferences Plus (GSP+) scheme facilitates preferential access to the EU.
As a prospective buyer it is important to understand the procedural requirements and regulations pertaining to the export industry of Sri Lanka. It is advisable to understand the services provided by the associated agencies in order to enjoy optimum benefits enabled by the Government of Sri Lanka
Hosts of bilateral, multilateral, and preferential access provisions present make Sri Lanka an attractive destination for export sourcing. Indo-Sri Lanka Free Trade Agreement (ISFTA), Pakistan-Sri Lanka Free Trade Agreement (PSFTA), GSP + schemes, SAARC Preferential Trading Agreement (SAPTA), Singapore-Sri Lanka Free Trade Agreement (SSLFTA), South Asian Free Trade Area (SAFTA) and Global System of Trade Preferences (GSTP) are few amongst many other such attractive enablers.
Board of Investment (BOI)
Established in 1978, The Board of Investment of Sri Lanka (BOI) is one of the foremost investment promotion agencies in South Asia.
For more information: www.investsrilanka.com
Inland Revenue Department of Sri Lanka
Enabling investor and public confidence the Inland Revenue Department offers fair, friendly and expeditious service, fostering a beneficial tax culture
For more information visit: www.ird.gov.lk
Ministry of Industry and Commerce
Responsible for the development of a robust industrial sector in the country, Ministry of Industries plays a dynamic role in promoting industrial development within the wide policy framework of the government
For more information visit: www.industry.gov.lk
Sri Lanka Customs
Established in 1806, Sri Lanka Customs is one of the oldest government departments, and is responsible for collection of revenues
For more information visit: www.customs.gov.lk
Ministry of Finance
The Ministry of Finance is responsible for macro-economic policies, annual budget and Appropriation Acts, public financial management, local / foreign savings, investments, public debts, banking, finance and insurance activities, international financial cooperation and directing social security and economic development activities
For more information visit: www.treasury.gov.lk
Sri Lankan Electrical and Electronics industry is in a constant state of research and development in order to provide the best quality products suiting the standards of the global market. The wide variety of products and exporters cover every aspect of the industry
Electrical and Electronic Products
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