Sri Lanka is missing foreign exchange opportunities by restricting re-exports, says Dhammika Fernando
Sri Lanka, July 11 -- Sri Lanka is missing valuable opportunities to attract much-needed foreign exchange by failing to fully promote re-export activities, despite having the infrastructure required to support such operations, according to the President of the Free Trade Zone Manufacturers' Association, Dhammika Fernando.
Fernando said that while traditional exports remain important, re-exports should also be encouraged as a means of generating additional foreign exchange, especially during challenging economic conditions.
He noted that re-export earnings currently account for only around 2% of Sri Lanka's merchandise export revenue, arguing that this represents income the country is not losing after earning, but rather refusing to earn...
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