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Lanka to benefit from access to UK’s new trading scheme: HC Hulton

ECONOMYNEXT –Sri Lanka will benefit from the UK’s new trade concessionary scheme Developing Countries Trading Scheme (DCTS) that will replace the GSP+ in that country and will be in force from 2023.
“The UK’s new Developing Countries Trading Scheme (DCTS) is one of the most generous sets of trading preferences of any country in the world, and will benefit Sri Lanka by boosting the economy and supporting jobs,” British High Commissioner to Sri Lanka Sarah Hulton said in a tweet on Tuesday August 16.
Under the new scheme, Hulton said, Sri Lanka will continue to benefit from duty free exports to the UK on over 80 percent of export products while tariffs on over 150 additional products will also be removed.
“It will also simplify some season tariffs, meaning additional and simpler access for Sri Lanka’s exports to the UK,” Hulton said.
Sri Lanka’s access to the Generalised Scheme of Preferences (GSP) Plus was already under review for extension as the country failed to adhere to several of the commitments it made, mainly with regard to human rights.GSP is an annual trade concession worth over 500 million US dollars which has boosted Sri Lanka’s exports to EU member states mainly in the garments sector, a top forex earner.
The EU has stressed on several occasions that the island nation needs to uphold its commitments, particularly with regard to eradicating human rights violations in the country.Recently Sri Lanka landed in hot water as it failed to implement several of the commitments undertaken including repealing the Prevention of Terrorism Act (PTA).The EU also had concerns over arbitrary arrests of activists and journalists and detainees.Sri Lanka lost access to GSP Plus in 2010 due to alleged human rights violations but regained it in 2016 after pledging to implement 27 international conventions.
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Japanese Minister of Defense pays courtesy call on PM

Gen. Nakatani, Minister of Defense of Japan paid a courtesy call on Prime Minister Dr. Harini Amarasuriya, at Temple Trees today [May 4].
The discussion took place in the spirit of long-standing bilateral friendship and focused on strengthening cooperation between Japan and Sri Lanka, particularly in the areas of defense and regional security. Minister Nakatani extended his congratulations to the Prime Minister on behalf of the Government of Japan and reaffirmed Japan’s commitment to collaborative efforts in ensuring peace and stability across the Indo-Pacific region.
He also emphasized Sri Lanka’s strategic importance in maritime security and regional connectivity.
Prime Minister Amarasuriya expressed appreciation for Japan’s continued support through development partnerships, especially via the Japan International Cooperation Agency (JICA). She reiterated the government’s commitment to transparency, economic reform, and national transformation.
The Prime Minister also shared the government’s vision for evolving the role of Sri Lanka’s security forces to include responsibilities such as climate response, humanitarian assistance, and maritime protection. The meeting further explored opportunities in trade, investment, and tourism, with both parties agreeing to deepen engagement across five key sectors.
The Ambassador of Japan to Sri Lanka, and senior officials from both governments participated in the meeting.
[Prime Minister’s Media Division]
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President Anura Kumara Disanayake departs for Vietnam

President Anura Kumara Disanayake departed for Vietnam.
The visit is taking place at the invitation of the President of Vietnam from May 4 to 6, 2025.
During the visit, President Disanayake is scheduled to hold bilateral discussions with both the President and the Prime Minister of Vietnam. He will also meet with the General Secretary of the Communist Party of Vietnam and other senior officials.
On May 6, the President will attend the official opening ceremony of the United Nations Vesak Day celebrations in Ho Chi Minh City as the Chief guest and will also deliver the keynote address.
In addition, the visit is expected to include the signing of several bilateral agreements and engagement with the Vietnamese business community to further enhance economic cooperation between the two countries.
Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, along with a delegation of senior government officials, is accompanying the President on this important visit.
[PMD]
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The Heat index is likely to increase up to ‘Caution level’ at some places in Eastern, Northern, North-central and North-western provinces and in Monaragala and Hambantota districts.

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology at 3.30 p.m. 03 May 2025, valid for 04 May 2025.
The public re warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Eastern, Northern, North-central and North-western provinces and in Monaragala and Hambantota districts.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.
Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
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