Jul 04, 2021

Importation of TVs, fridges & phones to be halted?

Media reports have cited that the government has decided to drastically curtail the import of several luxury items, as well as other goods that are deemed non-essential.

It is said that electronic items such as mobile phones, televisions, refrigerators, several electrical appliances, perfumes and similar items are among the imports that are planned to be halted.

It is said that through this measure the Government is seriously considering strengthening the declining foreign reserves in the country as well as providing an opportunity for local businessmen  within the domestic market. 

However, Secretary of the Ministry of Finance - S.R. Attygalle had said that a final decision has not been taken in this regard and the final decision will be taken following discussions with the ministerial cabinet.