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Verité Research proposes three-step programme to boost Lanka’s trade facilitation and catch up with peers

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Independent think-tank, Verité Research, has put forward a comprehensive three-step programme for Sri Lanka to enhance its trade facilitation efforts and close the gap with its peers, as it currently ranks 104th out of 125 developing and least developed countries (LDCs).

According to a new study by Verité Research, Sri Lanka’s progress in trade facilitation has been slow, with only marginal improvement from a rate of 29% in 2017 to 31.5% in June 2023. In comparison, 21 out of 35 LDCs have a higher rate of implementation, indicating the need for immediate action.

One of the key issues identified in the study is Sri Lanka’s claim that it lacks the capacity to implement over 69.3% of trade facilitation measures without external assistance. In contrast, other developing countries and LDCs on average require external assistance for only 21.7% and 40% of trade facilitation measures, respectively.

Verité Research’s proposed three-step programme urges Sri Lanka to take ownership of its trade facilitation measures without waiting for external help. The country should promptly publish information on trade procedures, taxes, and fees in a non-discriminatory and easily accessible manner to improve its standing and attract traders and investors.

The second step involves providing high-level leadership to overcome resistance from government agencies and allocate necessary resources to facilitate trade implementation. Comparatively, countries like Vietnam, India, and Bangladesh, which have made better progress than Sri Lanka, have established robust National Trade Facilitation Committees chaired by key officials, enabling efficient decision-making.

The third and final step focuses on transparency and accountability. Verité Research recommends publishing a comprehensive trade facilitation action plan and implementing a monitoring mechanism to track and report progress. India’s successful approach, with a publicly accessible trade facilitation action plan and a well-established monitoring system, has resulted in full implementation of all WTO TFA measures and additional trade facilitation initiatives.

By adopting these three steps, Sri Lanka can improve its trade facilitation performance, outperform LDCs, and catch up with its regional competitors and other developing nations. The recommendations aim to bolster Sri Lanka’s position as a trade-friendly nation and attract increased investment and business opportunities.



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‘Vision’ Programme Marks Two Years

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Marking the completion of two years of the ‘Vision’ Programme, students from Pinnawala Central College and Matale Siri Seevali College were given an opportunity on Thursday (24) to visit the Presidential Secretariat.

The ‘Vision’ Programme was launched for schoolchildren jointly by the Presidential Secretariat, the Ministry of Education and the Department of Communication of the Parliament of Sri Lanka.

Following a visit to the former Parliament building at the Presidential Secretariat, the students were also briefed on the history of Parliament.

The role of the President’s Fund and its importance to schoolchildren were explained by Senior Additional Secretary to the President Roshan Gamage.

The ‘Vision’ commemorative book, featuring the two-year journey of the ‘Vision’ Programme and its special activities, was also presented to the participating schools.

As part of the programme, valuable plants were also presented to the schools as a symbolic gesture underscoring the importance of environmental conservation.

Director General of Public Relations Dharmasiri Gamage, the Director and Assistant Director of the Tri-Services Security Coordination Unit, the principals and teaching staff of Pinnawala Central College and Matale Siri Seevali College, and students were among those present on the occasion.

President’s Media Division (PMD)

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Sajith vows to scrap 22A under future govt.

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Sajith at yesterday’s protest

Opposition and SJB Leader Sajith Premadasa yesterday vowed that an SJB government would repeal the 22nd Amendment (22A) to the Constitution.Premadasa made the pledge while addressing thousands of SJB supporters who gathered near Parliament to protest against 22A.

Addressing the rally at Polduwa Junction, Battaramulla, Premadasa said the proposed constitutional amendment would undermine democracy and judicial independence and enable the concentration of political power in the Executive.

“Even if they pass it, under an SJB government we will scrap it,” Premadasa told the gathering, claiming that 22A was aimed at paving the way for a one-party state and placing the State under the control of a single political party.

Braving the rain, Premadasa said they had gathered there peacefully and had no intention of resorting to violence.

“We have gathered here to protect democracy,” he said, challenging the government to hold Provincial Council elections if it was confident of facing the people.

Premadasa said the SJB was prepared to work with any democratic and clean political force committed to the country’s progress and public welfare, amid ongoing discussions on cooperation among Opposition parties, including the United National Party.

Premadasa also accused groups aligned with the government of attempting to discourage people from attending the protest through statements and other measures.

SJB General Secretary Ranjith Madduma Bandara said the protest had been organised against the proposed amendment, which the party had opposed on the grounds that it could pave the way for authoritarianism.

The demonstration began around 9 a.m. at Polduwa Junction and coincided with Parliament taking up the proposed 22nd Amendment for debate. Proceedings on the Bill are scheduled to continue today (25).

The Supreme Court has determined that the proposed amendment does not require approval at a referendum and could be passed with a special majority in Parliament.

Meanwhile, traffic congestion was reported on roads surrounding Parliament and Polduwa Junction following the demonstration.

Security was also tightened in and around the Parliamentary complex, with a heavy police presence observed at Polduwa Junction and near the main entrance to Parliament.

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Two retired female Navy officers remanded over disappearance of two women during war

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Two retired female Navy petty officers were ordered to be remanded until October 5 over their alleged involvement in the abduction and disappearance of two women in Trincomalee during the war.

Trincomalee Chief Magistrate M.S.M. Samsudeen yesterday ordered that the two suspects be remanded and directed that they be produced for an identification parade on October 5.

The suspects, residents of Chilaw and Haputale, were arrested after appearing before the CID in connection with another court case. They were subsequently produced before the Trincomalee Magistrate’s Court.

The court was informed that the investigation concerned the alleged abduction of Sasikumar Thenmoli and Mary Delsia, residents of Paalaiyootru, Trincomalee, on or around May 13, 2008.

The CID told court that information uncovered during its investigations indicated that the two women had allegedly been detained at an underground location known as the “Gun Site” at the Trincomalee Naval Base while the two suspects were serving in the Navy. The women were subsequently reported missing.

Further investigations into the alleged abduction and disappearance of the two women are continuing.

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