Ceylon Chamber welcomes Govt. initiative to declare free ports
Thursday, 1 August 2013 01:55
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The Ceylon Chamber of Commerce yesterday welcomed the initiative by the Government to declare Colombo and Hambantota as free ports and Katunayake, Koggala and Mirijjawila Export Processing Zones and the Mattala Rajapakse International Airport as bonded warehouses with significant tax concessions being offered for stipulated investments, subject to achieving defined export targets.
“The Ceylon Chamber of Commerce has always stood for the need to increase Sri Lanka’s exports and make Sri Lanka an export centric nation to sustain a high growth momentum. Time and again, the Chamber has highlighted the facilitation support required from the Government to encourage exports. “We believe that this initiative lays the foundation for a paradigm shift in our economy to boost investments and exports, at a time when the Asian giants China, India and Japan are actively exploring opportunities to invest in Sri Lanka for varying reasons,” the Chamber said in a statement.
