Sri Lankan exports moot tax incentives to recover and rebuild
The Exporters Association of Sri Lanka (EASL) is expected to initiate discussions with the Government of Sri Lanka with regards to the provision of tax incentives to promote the country’s exports, which have been affected as a consequence of the Easter Sunday attacks.
According to the EASL, incentivising exports would help both the sector as well as the general economy recover and rebuild from the impacts of the terror attacks.
A statement issued by the association said: “Acknowledging the colossal impact the attacks have had on human life, livelihoods and the economy, the EASL is committed to do their part to help Sri Lanka recover.”
“With this in mind, the EASL has unanimously agreed to encourage its members to maximise their exports mainly in the industrial sector, and in sectors including fruits, vegetables and seafood where there could be a surplus of produce due to the drop in tourism,” it adds.
The apparel industry also experienced a setback as buyers’ routine visits were delayed.
On the other hand, tea exports have witnessed growth of 4.7 million kg compared to the previous year.