Lankapage Logo CP 21 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* South Africa willing to consider slashing tariffs for Sri Lankan tea exports
Fri, Dec 25, 2020, 08:50 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 25, Colombo: South Africa would consider a request to reduce tariffs on Sri Lankan tea for a period of not more than three years, outgoing South African High Commissioner in Colombo, Robina P. Marks said.

She was addressing the ‘Sri Lanka - South Africa Business Promotion Meeting’ organized by the Lakshman Kadirgamar Institute for International Relations and Strategic Studies (LKI) recently.

At the virtual meeting, which was held before her departure from Sri Lanka, the Lakshman Kadirgamar Institute warmly received the outgoing South African High Commissioner.

Delivering the opening remarks, High Commissioner Marks said that South Africa has been able to expand its trade footprint in Sri Lanka and that overall trade stood hugely in favor of her country.

South Africa is Sri Lanka’s largest source of imports and the second largest export destination in the African region. Imports from South Africa largely consists of coal and Sri Lankan exports comprise of bulk tea, apparel, and rubber products.

Commenting further on bilateral trade ties in the COVID-19 era, the High Commissioner underscored the need to recalibrate its trade strategy in Sri Lanka and the desire for a more balanced trade relationship between the two countries.

“Even though national interest is important to all countries, we do want a more balanced trade between Sri Lanka and South Africa. We think that it’s important because we both need to work on the basis that each have something to offer in this bilateral relationship,” she added.

Addressing concerns over market access for Sri Lankan tea, the High Commissioner said “we would consider, possibly, a request to lower for a period of time not exceeding three years, tea tariffs … to give some relief to Sri Lanka … in the spirit of supporting developing countries become sustainable as they can be.”

In terms of investment, High Commissioner Marks said that international retail brand, SPAR, through a joint venture between SPAR Group Ltd South Africa and Ceylon Biscuits Limited has opened four outlets in Sri Lanka with plans to expand up to 20 retail stores.

During the meeting, High Commissioner Marks also exchanged views with representatives of the Sri Lankan businesses community on the possibility of boosting fish exports to South Africa, value addition and knowledge sharing in the gem and jewellery industry, opportunities in the renewable energy sector and sharing expertise in food preservation in the canning industry.

The virtual meeting was organized on the request of the Foreign Minister, and the Chairman of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies, Dinesh Gunawardena.

Kosala Wickramanayake, member of the Board of Management of LKI and the President of the International Business Council in Sri Lanka; Benjamin Jourdaan, Country Manager, Asia, Wesgro; Nadine Smith-Clarke, Manager, International Trade Development, Wesgro; Shiran Fernando, Chief Executive Officer, Tess PLC; Armil Sammoon, Chairman, Sapphire Capital and Ruvinika Kinigama, Director, Marketing, Ranfer Group attended the meeting.


ColomboPage - Recent 10 Stories ::
UK exploring avenues to support Sri Lanka to overcome current economic challenges - envoy
-- [1 hour and 51 minutes ago]
Sri Lanka’s peaceful people’s protest at Galle Face marks 50th day today
-- [1 hour and 57 minutes ago]
Educational reforms should be aimed at creating good citizens productive to economy - President
-- [2 hours ago]
Three SDIGs including Ajith Rohana transferred
-- [2 hours ago]
Dialog Axiata Ranked Sri Lanka’s Most Valuable Brand by Brand Finance for the 4th Consecutive Year
-- [3 hours ago]
India sends another consignment of humanitarian aid worth Rs. 260 million to Sri Lanka
-- [3 hours ago]
Sri Lankan envoy discusses need for bridge financing with Indian Finance Minister
-- [4 hours ago]
LP gas distribution halted until next Tuesday, Litro says
Fitch says losses from Sri Lanka’s riots manageable for insurers
Hela Apparel Holdings completes landmark year of growth and consolidation

Copyright © 2000, 2020 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.