INSUBCONTINENT EXCLUSIVE:
The Cabinet of Ministers has approved the submission of the Import and Export (Control) Regulations No
7 of 2024, issued under the Import and Export (Control) Act No
1 of 1969, and the Standardization and Quality Control Regulations issued under the same Act for the approval of the Parliament of Sri
Lanka.According to the Import and Export (Control) Regulations No
7 of 2024, the controlled import of motor vehicles for tourism purposes has been introduced
This follows a temporary suspension on motor vehicle imports as per the Import and Export (Control) Regulations No
regulated imports.The Cabinet has approved the imposition of new regulations designed to promote efficient and safe trade transport while
ensuring fair opportunities for both local and non-domestic products on March 11
These regulations have been published in an extraordinary gazette and are intended to facilitate a more balanced and effective trade
environment.The proposal for these new regulations was presented by the President, in his capacity as the Minister of Finance, Economic
to safeguarding the national economy, public health, and the environment while promoting fair trade practices and supporting local
industries.Submission of the Import and Export (Control) Regulations No
7 of 2024 issued under the Import and Export (Control) Act No
1 of 1969 and the Standardization and Quality Control Regulations issued under the same Act for the approval of the Parliament.
