The Import and Export Sectors of Sri Lanka, which comprise the critical and crucial economic segments of Sri Lanka and which contribute to the country’s overall commercial activities, have been seriously affected by the recent action of the Minister of Ports and Shipping by introducing and implementing the gazette No.2321/62. The new gazette annulling the.
“Without a stable supply of fuel and energy, the economy could lose around USD $50 million a day in export revenue”, industry leaders warn[1] Despite several warning signs, policymakers still not prioritising solutions to ongoing economic crisis 23 industry associations, representing private sector firms engaged in export, import and logistics industries warned of catastrophic consequences.