Trade Indicators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Trade trends during the last three years have been greatly influenced by the COVID-19 pandemic. During 2020, the economic disruptions brought about by COVID-19 resulted in a decline of international trade in goods and services. However, as global demand resumed, international trade strongly rebounded in 2021 and further increased during 2022. Overall, the value of global trade is expected to be about 25 per cent higher in 2022 than it was in 2019.

This publication provides updated statistics on a comprehensive set of economic, financial, social, and environmental measures as well as select indicators for the Sustainable Development Goals (SDGs).

By Dr. Asanka Wijesinghe: Raw turmeric roots on the shelves of roadside vendors is a frequent sight nowadays. Thanks to the import controls, turmeric now fetches a higher price domestically; prices having soared by as much as 275% from Rs. 80 per kilo to Rs. 300 per kilo. The turmeric shortage, reports of adulterated turmeric powder, the ceiling price, black-market sales, and sensational stories of busting smuggling attempts are the manifestations of the impact of import controls. The recent waves of import restrictions imposed by the Sri Lankan government have different justifications such...