Sep 29, 2017

Anti-dumping law cleared for parliament

Sri Lankan industries have been assured that the FTAs being mooted will not affect them -nor will result in an imports dump that the domestic manufacturers are fearful of. In fact, the much sought after anti-dumping legislation has been cleared by the Attorney General and is ready to head to the legislature.

“We are planning to present the draft Anti-Dumping Bill to the Parliament” said Minister of Industry and Commerce Rishad Bathiudeen on 27 September in Colombo.

Minister Bathiudeen was addressing the 26th AGM of Industry Association of Sri Lanka (IASL).

“Industries operate in challenging environments, but with the help of Government Agencies including the Ministry of Trade, some of these have been overcome” said Chairman IASL Dinesh Dharmadasa and added: “FTA’s to be signed by Sri Lanka could bring forth numerous new challenges.

Minister Bathiudeen said: “Industries appear to be worried about impacts of FTAs and dumping. The unity government will not enter into such agreements without consulting local industries and without protecting them first. The Department of Commerce is a key institution working in this regard. In fact the ministry is planning to present the draft Anti-Dumping Bill to the Parliament in the coming two-three weeks. The policy of the unity government of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe is to support development of industries.”

Last year, Minister Bathiudeen, joining Minister Malik Samarawickrama proposed the Anti-Dumping legislation to the Cabinet and received the go-ahead to proceed. Being cleared by the AG, the bill is now being translated to be presented to the Parliament.