Colombo, June 13 (SocialNews.XYZ) Sri Lanka Cabinet approved a proposal by President Ranil Wickremesinghe to implement the national tariff policy in three phases from January 2025, the government's Information department said.
The competitive environment for investment in Sri Lanka has been adversely affected due to the revision of the tariff policy following the various policies introduced from time to time by the existing governments, the department added on Wednesday as quoted by Xinhua news agency report.
It said considering the situation, a technical committee has been appointed to formulate a national tariff policy.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz