The United States, through the United States Agency for International Development (USAID), is supporting the Sri Lankan Ministry of Finance to modernize the country’s trade facilitation infrastructure through the implementation of Sri Lanka’s Trade National Single Window System (TNSWS). The TNSWS, when operational, will streamline the collection of information required for trade, leading to increased transparency and efficiency, reduced costs, and more potential revenue.
As part of our ongoing collaboration, the Department of Trade and Investment Policy of the Ministry of Finance, Economic Stabilization and National Policies with support from USAID recently held a workshop for 94 key TNSWS project stakeholders. The interactive workshop enhanced participants’ understanding of how the single window system works and its benefits. It also encouraged collaboration and sustainability in Sri Lanka’s TNSWS implementation.
“As a long-time partner and Sri Lanka’s largest export market, the United States supports efforts to boost exports and improve efficiency for businesses and government agencies. We are committed to initiatives like the TNSWS, which will make trade more transparent and predictable, easing business challenges,” said USAID Mission Director for Sri Lanka and Maldives, Gabriel Grau.
Mr. K.M. Mahinda Siriwardana, Secretary to the Ministry of Finance, emphasized, “Establishing a trade national single window system is crucial as Sri Lanka recovers from an unprecedented economic crisis. The TNSWS will increase our trade competitiveness and support export growth, leading to sustained economic stability.”
As part of the World Trade Organization Trade Facilitation Agreement, which Sri Lanka signed in 2017, implementation of a TNSWS is required. Implementation of a TNSWS received cabinet approval in 2022.
Over the past year, the United States has provided technical assistance to help the Government of Sri Lanka establish a Project Implementation Unit to lead the TNSWS project.
A monitoring mission from the European Union (EU) will visit Sri Lanka from April 28 to May 7, 2025, to assess the country’s progress in meeting the conditions required for continued access to GSP+ trade preferences. This visit is part of the EU’s regular biannual review process.
During the mission, EU representatives will engage with government officials, institutions, politicians, civil society, trade unions, and business associations, and will also conduct site visits across the country.
Sri Lanka is one of eight low- or lower-middle income countries benefiting from the GSP+ scheme, a special incentive arrangement for Sustainable Development and Good Governance. Eligibility requires the ratification and effective implementation of 27 international conventions related to human rights, labor standards, environmental protection, climate change, and good governance.
The EU, comprising 27 member states with a population of 450 million, is Sri Lanka’s second-largest export market. In 2024, Sri Lanka exported goods worth €2.7 billion to the EU, with 85% of these exports enjoying duty-free access under GSP+.
(News 1st)
(Except for the headline, this story, originally published by News 1st has not been edited by SLM staff)
A 29-year-old businessman from the Heenatiya area in Katunayaka was injured in a shooting incident this morning, Katunayake Police said.
According to police, the incident occurred around 5:35 a.m. when two individuals arrived at his residence armed with T-56 type firearms and opened fire. The businessman, who is involved in money lending and operates several businesses, was asleep in a room with his father at the time of the attack.
The two gunmen, who came on a motorcycle, fired at the businessman. Police reported that two shots were directed at him.
He was initially admitted to the Minuwangoda Base Hospital for treatment and later transferred to the Minuwangoda District Hospital for further medical care.
Police recovered two empty cartridges from the room where the shooting took place.
Investigations are being carried out on the instructions of Senior Superintendent of Police in charge of the Negombo Division, Dharmasena, and under the supervision of Assistant Superintendent of Police for the Katunayake area, Lal Chandrasiri. Chief Inspector Dinesh Kumarasinghe, Officer-in-Charge of the Katunayake Police, along with OIC of the Criminal Investigation Division Daham Marasinghe and other officers, are continuing inquiries into the incident.
(dailymirror.lk)
(This story, originally published by dailymirror.lk has not been edited by SLM staff)