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Govt. opts to re-establish International Trade Office

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The Government has decided to reorganize the existing institutional set-up, regarding foreign trade and re-establish the International Trade Office (ITO) to connect all the relevant institutions, and synergize their work, to boost the external trade sector to the National Economy.This decision was taken on the instructions of President Ranil Wickremesinghe.Sri Lanka can benefit greatly from linking with regional and global value chains and this is a major element of the Government’s economic revival programme, the President’s Media Division (PMD) said.

It said: “The plan is to first integrate into South Asia and then expand to the east; China, Thailand and Indonesia linking to the Regional Comprehensive Economic Partnership (RCEP) which consists of 30% of the world’s GDP, trade and population”.

To achieve this overarching objective, there is no alternative but to formulate a strong institutional structure to manage Sri Lanka’s presence in international trade while removing the existing compartmentalization of trade-related institutions. Thus, the Government has decided to reorganize the existing institutional set-ups and newly establish the International Trade Office (ITO), the PMD said.

“The ITO, once it is established through an Act of Parliament, will be headed by an Ambassador of International Trade, supported by an eminent group of advisors who has expertise in international trade. Designated officers, from all the relevant institutions, will be attached to it. The National Trade Negotiation Committee, which undertakes the Free Trade Negotiations, will also be an integral part of the ITO. As announced in the 2023 Budget Speech, the ITO will initially be established, under the Ministry of Finance, and, subsequently, it will be amalgamated into the Ministry of Foreign Affairs to implement Sri Lanka’s foreign trade development policy, across the world, with enhanced and effective coordination.

“Until the establishment of the ITO is fully completed, the core staff of the institution will come from the Presidential Secretariat. Taking immediate measures to operationalize the Sri Lanka – Singapore FTA (SLSFTA), which entered into force, in May 2018, but has not been operationalized till now, will be the first task of the ITO. The Joint Committee, set up in accordance with SLSFTA, comprising designated officials from both countries, will meet in January 2023 and finalize the modalities to agree on operationalization.

“In parallel, by next January the ITO will resume negotiations of the three FTAs with India, China and Thailand. The Chief Negotiator and the National Trade Negotiation Committee (NTNC), comprising Sub Committees on specific areas, have been appointed by the Cabinet for this task. In parallel, the government plans to resume negotiation of the three FTAs with India, China and Thailand. The 12th round of negotiations with India, the 7th round of negotiations with China and the 3rd round of negotiations with Thailand, will be held during the first two months of 2023.

“It is planned to complete these negotiations, possibly within the next year. Stakeholder consultations will be held with the relevant Chambers/Associations, before and after every round of negotiation, to make them aware of the status of negotiations, as they are the ultimate beneficiaries of the FTAs, with enhanced market access. Already, the first stakeholder awareness programme was held on 17 November, 2022. Moreover, simultaneous actions will also be taken, through this office, to revive the PTA negotiations with Bangladesh and Indonesia.”



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UNEP support pledged to strengthen Sri Lanka’s Environmental Priorities

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A special bilateral discussion was held on Thursday (02) morning  at the United Nations Conference Centre (UNCC) in Bangkok, Thailand, between the Deputy Minister of Environment, Anton Jayakody, and regional representatives of the United Nations Environment Programme (UNEP).

The discussion began with an appreciation of the long-standing relationship between Sri Lanka and UNEP, particularly highlighting Sri Lanka’s role as a UNEA 8 Bureau member and a key partner in Global Environment Facility (GEF) projects. The meeting focused extensively on securing UNEP’s technical
and financial support to advance several of Sri Lanka’s national environmental priorities.

During the meeting, the Deputy Minister expressed Sri Lanka’s gratitude for the guidance provided by UNEP throughout the adoption process of the UNEA Youth Resolution. He outlined the national program currently being designed in Sri Lanka in alignment with the resolution. Under this initiative, attention was drawn to securing UNEP’s technical assistance, capacity-building support, and access to global funding mechanisms.

These resources will be utilized to formulate a “National
Environmental Literacy Index” to assess the environmental awareness of youth, establish “Youth Environmental Committees” spanning from the national to grassroots levels, set up university youth forums, and implement environmental promotion programs driven through sports

In addition, Sri Lanka requested UNEP’s assistance in upgrading its national air quality monitoring systems, enhancing data analysis, and developing policy guidelines.

The Deputy Minister also sought policy advisory services on Extended Producer Responsibility (EPR), technical expertise in plastic waste lifecycle management, and support for pilot projects aimed at minimizing single-use plastics and transitioning toward a circular economy.

Furthermore, the Deputy Minister noted that measures have been taken in collaboration with the Ministry of Transport to expedite sustainable e-mobility projects. He added that Sri Lanka anticipates UNEP’s support for the “Sustainable Cities Integrated Programme” under the country’s GEF 9 national
strategies. Reaffirming Sri Lanka’s active commitment to regional initiatives that foster environmental knowledge sharing among South Asian nations, it is expected that UNEP’s technical intervention during the upcoming GEF 9 financial cycle will continue to support Sri Lanka’s journey toward environmental resilience.

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CIABOC to question Harak Kata on Rs. 200 mn bribery allegation

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Nadun Chintaka (Harak Kata)

He is the only detainee at old Tangalle prison

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) probing bribery allegations pertaining to the recent arrest of attorney-at-law Rakitha Rajapakshe, former SJB Horana organiser Charitha Abeysinghe and another person is expected to question drug dealer Nadun Chintaka Wickremaratne alias Harak Kata being held under the Prevention of Terrorism Act (PTA).

The CIABOC arrested Rakitha and Charitha Kumara Wasantha Abeysinghe and former Director of Airport and Aviation Services Warushahanndige Aruna Sri Chathuranga on 25 June over the Rs 200 mn bribery allegation. Produced before the Colombo Chief Magistrate court on the same day, they were remanded until 3 July.

Sources familiar with the case told The Island that Wickremaratne arrested in Madagascar on 1 March 2023 was brought to Sri Lanka on 14 March 2023, and after preliminary investigations he was detained at the old Tangalle prison. Wickremeratne has been accused of running a major narcotics smuggling operation.

Wickremaratne’s lawyer Udul Premaratne, having visited Wickremeratne, sought the intervention of the Human Rights Commission of Sri Lanka to ensure the latter’s safety.

As many as 90 police (terrorist Investigation Department) and the Special Task Force (STF) have been assigned to the Tangalle old prison where Wickremaratne remains the sole detainee.

The CIABOC, in a statement posted in Sinhala on its website on 25 June said that arrested persons received the money after having initially asked for Rs 500 mn and then reduced it to Rs 200 mn. The Rs 120 mn allegedly received has been described as an advance.

Sources said investigators would question Wickremaratne over his wife’s claim that she had paid Rs. 120 million.

In terms of the PTA, the detention orders can be issued only by the Defence Minister. At the time Wickremaratne was brought to Colombo, Ranil Wickremesinghe held the defence portfolio. According to legal sources, when the President also held the defence portfolio, the responsibility for issuing the detention orders was relegated to the Defence Secretary.

Maj. Gen. Kamal Gunaratne who served as the Defence Secretary during that period.

Sources said that Wickremaratne’s wife was yet to come back and his parents and a brother were believed to be the only visitors except for lawyers. One of the crucial issues was how Wickremaratne had communicated with his wife living abroad, sources said.

By Shamindra Ferdinando

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Petrol, diesel prices could be reduced by Rs. 141 and Rs 126 per litre: Udaya

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Udaya

Pivithuru Hela Urumaya (PHU) leader and former Petroleum Minister Udaya Gammanpila yesterday (2) claimed that the price of a litre of Octane 92 petrol and auto diesel could be reduced by Rs 141 and Rs 126, respectively.

The former Energy Minister said that Rs 20 per litre price reduction declared by the Ceylon Petroleum Corporation (CPC) in respect of Octane 92 petrol and Rs 25 drop in litre of auto diesel price proved that the government fleeced the public.

Earlier, Samagi Trade Union Alliance convenor Ananda Palitha claimed that the price of litre of Octane 92 petrol and auto diesel could be reduced by Rs 115.

A litre of Octane 92 is sold at Rs 414 and a litre of auto diesel at Rs 382.

Pointing out that the CPC hadn’t reduced Octane 95 petrol and Super Diesel at least nominally, the former parliamentarian said that the CPC could reduce them by Rs 155 and Rs 149, respectively. A litre of petrol Octane 95 is sold at Rs 495 and a litre of Super Diesel at Rs 478.Gammanpila pointed out that the government had sharply increased prices when the Iran war entered the 12th day having claimed that that it had stocks for 35 days. (SF)

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