Anti-Dumping & Countervailing Laws enacted to protect local industries; awareness seminar on 3 April

The Ceylon National Chamber of Industries (CNCI), pioneering chamber for industries in the country, has organised an important seminar on the Legislations of Anti-Dumping & Countervailing Duties and Safeguard Measures which were recently passed in Parliament in order to keep the local industrialists aware of the conditions of the new Bills and the benefits they can enjoy. 

After a long lapse of a period of 17 years, the Parliament of Sri Lanka finally passed the two Bills. The Ceylon National Chamber of Industries thanks the Government for taking necessary and positive action to enact the Legislations of Anti-Dumping & Countervailing Duties Acts and the Safeguard Measures Act that significantly advances the country’s standing in international trade. 

The two new Bills will empower the Director General of Commerce to initiate investigations relating to unfair business practices under these legislative provisions of Trade Remedy Law and effect additional duties, countervailing duties, safeguard action against imports which enter the country under unfair business practices. 

The awareness seminar has been organised by the CNCI in collaboration of the Department of Commerce in order to give a comprehensive understanding about these legislations enacted. The seminar will be addressed by the officials of the Department of Commerce; namely Director of Commerce Gothami Silva, Deputy Director of Commerce Nalinda Wijeratne, Assistant Director of Commerce Seevali Wijewantha, at Mahaweli Centre, on 3 April. You may contact CNCI secretariat through 2452181 or make any inquiries by [email protected] for further details and registration.

Heads and executives of the manufacturing and trading sector organisations are advised  to attend this important seminar to understand the conditions and provisions of the Acts and the protection covers available to them against ‘dumping’.