The Embassy of Sri Lanka in Turkey Host Networking Reception to Boost B2B Contact between Sri Lanka –Turkey Travel Agents
The Embassy of Sri Lanka in Turkey organized business networking reception for the visiting Sri Lankan travel trade delegation participated at the EXPO Travel Ankara fair 2019 at the Embassy on 14th November 2019.
Sri Lanka Participated at the Annual Tea Festival at Royal Botanical Gardens, Burlington, Ontario
Fourth annual Tea Festival held at the Royal Botanical Gardens, Burlington, Ontario from 9th to 10th November 2019
Sri Lanka awarded as “A place of charm that works towards the future” at IVIAGGIATORI in Switzerland in November 2019
The Permanent Missions of Sri Lanka to the UN and WTO in Geneva, in collaboration with Sri Lanka Tourism Promotion Bureau, organized Sri Lanka’s participation at the Swiss International Holiday Exhibition for the second consecutive year, successfully from 1st to 3rd November 2019.
Sri Lanka Participates at Grocery Innovations Canada (GIC) 2019 Food and Beverage International Exhibition in Toronto
The event was held in Toronto from 22 to 23 October 2019. Sri Lanka’s national participation was coordinated by the High Commission in Ottawa and the Consulate General in Toronto together with Ministry of Foreign Affairs, Export Development Board (EDB), and Department of Commerce of Sri Lanka.
Promotion of Sri Lanka’s Trade and Investment in Telangana by Sri Lanka Deputy High Commission in Chennai
Sri Lankan Deputy High Commissioner to Southern India, V.Krishnamoorthy along with Minister (Commercial) Yasantha De Silva undertook an official visit to Hyderabad from 23-25 October, 2019 with the objective of strengthening trade and investment ties between Sri Lanka and State Government of Telangana.
Sri Lanka`s Participation at Digital Thailand- Big Bang 2019
The Department of Commerce Sri Lanka, jointly with the Sri Lanka Embassy in Bangkok, Thailand, using its trade promotional funds, for the first time has organized Sri Lanka`s participation in Digital Thailand - Big Bang 2019 exhibition held in Bangkok Thailand from October 28-31.
Sri Lankan IT/BPM Companies Participate at the CEBIT Australia - 2019 Exhibition in Sydney
Consulate General of Sri Lanka in Sydney in collaboration with the Export Development Board (EDB) and the Information and Communication Technologies Authority (ICTA) organised a Country Pavilion at the CeBIT Australia from 29 to 31 October 2019 at the International Convention Centre, Sydney

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Vision

“Raising living standards of the people through international trade relations”

Mission

“To develop and promote Sri Lanka’s foreign trade relations at bilateral, regional and multilateral levels by the effective implementation of government trade policy, with a view to raising the standards of living and realizing a higher quality of life through the increase of total production, income and employment levels, thereby actively contributing to the overall economic growth of Sri Lanka.”

The central pillar of the multilateral rule-based trading system enshrined in the GATT/WTO is the acceptance and operation of the Most Favoured Nation principle. This means that every member of GATT/WTO should invariably accord the same, identical, equal and non-discriminatory treatment to all imports irrespective of the countries of origin.

However, the Generalized System of Preferences (GSP) is an officially agreed exception to the MFN principle which was proposed at the first meeting of the United Nation Conference on Trade and Development (UNCTAD) with a view to assisting the developing countries in their exports and development efforts. In 1964, the First United Nations Conference on Trade and Development (UNCTAD) started to look into ways and means of granting special trade preferences to developing countries.

Main objectives of granting trade preferences to developing countries were :

  • To enhance export earnings of developing countries.
  • To promote industrialization, and
  • To encourage the diversification of their economies.

In 1968, UNCTAD recommended the creation of a "Generalized System of Tariff Preferences" under which industrialized countries would grant autonomous trade preferences to all developing countries.

In order to implement the system a waiver was required from Article 1 of the GATT which prohibits discrimination. This waiver was granted in 1971 by adopting the "enabling clause" of the GATT to create the legal framework for the "Generalized System of Tariff Preferences" (GSP). Under this framework developed countries were authorized to establish individual Generalized Schemes of Tariff Preferences.

The enabling clause was adopted originally for ten years, and renewed in 1979, for an indefinite period of time thereafter.

Countries that Extend GSP Benefits

Australia
Belarus
Canada
EU*
Japan
Norway
New Zealand
Russian Federation
Switzerland
Turkey
USA
* EU Member States
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Germany
Greece

Finland
France
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland

Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
United Kingdom

The history of the Department of Commerce goes back to 1931, established during the period of British rule to facilitate commercial operations. This government institution was incorporated under the Ceylon State Council Order of 1931, which replaced the Ceylon Legislative Council of 1923. Under the section 32 of the Ceylon State Council Order seven Executive Committees were formed. The Executive Committeeon “Labour, Industry and Commerce” with its legislative powers, created Bureau of Commerce assigned with the subject of “Commerce”. After the independence, with the introduction of a Cabinet System of Government,the same institution now known as the Department of Commerce was assigned to the Ministry of Commerce and Industry on 29thSeptember 1947.

Throughout the years, with its institutional knowledge and capacity, the Department of Commerce has involved in formulation and implementing of Sri Lanka’s foreign trade policies at bilateral, regional and multilateral levels, in close collaboration with relevant line ministries, authorities and private sector stakeholders.

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