Sri Lanka unveiled one of the biggest initiatives in its international trade history when the Department of Commerce launched the World Bank supported Sri Lanka Trade Information Portal (SLTIP) today in Colombo.
“Our business community and other stakeholders will be provided with a useful tool to find the information necessary to facilitate their import-export activities”, Minister of Industry and Commerce Rishad Bathiudeen said.
Sri Lanka’s TIP was unveiled today at the Kingsbury Hotel by Minister Bathiudeen, Australian High Commissioner Bryce Hutchesson and World Bank Senior Trade Specialist Marcus Bartley Johns
World Bank backed Trade Information Portal (TIP) across the world provide information that traders need to import and export goods, including information on permits, laws and taxes.
TIPs provide the much needed transparency which leads to lower trade costs and improved predictability, and it is a key objective of international agreements like the World Trade Organization’s Trade Facilitation Agreement (TFA).
“The Sri Lanka Trade Information Portal aims to change the country’s business environment. With access to the right information at the right time, local businesses can confidently venture into international markets and help Sri Lanka’s economy realize a prosperous future", Australian High Commissioner Bryce Hutchesson said.