News
Further efforts to enhance China-Sri Lanka trade relations
At the invitation of the China Council for the Promotion of International Trade (CCPIT), Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, completed a four-day official visit to Sichuan Province, China, aimed at deepening economic cooperation and enhancing bilateral trade relations.
During his visit, the Deputy Minister addressed the South Asia & Southeast Asia Business Development Cooperation Conference and delivered a keynote presentation at the Sri Lanka Economic and Trade Matchmaking Conference, a high-level state–business dialogue. His remarks highlighted Sri Lanka’s potential as an investment destination and emphasised opportunities for strengthening trade partnerships.
The Deputy Minister also engaged in discussions with the Nanchong Municipal Government, where he delivered opening remarks at an official session. In addition, he visited a manufacturing facility, an agricultural technology park, and a trade platform supporting small and medium-sized enterprises (SMEs), gaining valuable insights into models for industrial and agricultural innovation.
The visit primarily sought to explore mechanisms for integrating Sri Lankan manufacturing enterprises with their counterparts in Sichuan Province, while also identifying strategies to expand exports of Sri Lankan products to the region. Another important outcome was the initiative to establish a direct institutional partnership between CCPIT and Sri Lanka’s Ministry of Industry to advance future trade promotion efforts.
The Deputy Minister also held meetings with provincial governors, focusing on strengthening mutual trust and reinforcing cooperation between Sri Lanka and the regional governments of China.
Accompanying the Minister were the Chairman of the Federation of Chambers of Commerce and senior private-sector executives.
The visit was facilitated by Sri Lanka’s Ambassador to China Majintha Jayesinghe, and the Embassy’s Director of Commerce Nalika Jayakody.
News
Formulation of a Draft Economic Development Bill to expedite the process of Digital Transformation and Digital Economic Development
It is essential to establish an institutional framework with legal powers to ensure the effective implementation of national digital policy and guidelines.
Quality human capital should be attracted to this institutional framework for the compilation of policies, implementation of policies, regulation, and empowerment of operations. The continuous participation of the private sector should also be considered in establishing a strong institutional framework.
It has been further identified that attention should also be
drawn to new fields of digital innovation, including support for artificial intelligence and related activities.
Taking into consideration the aforementioned matters, a concept paper has been formulated to prepare a Draft Economic Development Bill for the establishment of a new institutional framework.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Digital Economy to instruct legal draftsman to formulate a Draft Economic Development Bill based on the aforementioned concept paper.
Latest News
Cabinet approval for Sri Lanka Community and Health Survey – 2026/2027
The Sri Lanka Community and Health Survey is the main data source for obtaining necessary information for reviewing progress toward achieving the national health development goals, as well as the expected sustainable development goals by 2030.
The last survey was conducted in the year 2016, and the Sri Lanka Community and Health Survey should be conducted to obtain updated data to enable the collection of related data and indicators concerning the health and well-being targets of the Global Sustainable Development Objectives.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to take necessary steps to conduct the aforementioned survey.
News
A National Water Tariff Policy for all Water Supply and Sanitation Services
The access to secure, reliable and affordable drinking water and adequate sanitation facilities is essential to maintain public health, promote social well-being and foster economic development.
The Sri Lankan Government recognizes water supply and sanitation services as both an economic good and a basic human need. Therefore, when pricing for water and sanitation, a balance should be maintained between the financial sustainability of the service providers and the requirement to ensure fair and affordable access for all strata in the society.
Accordingly, the Sri Lankan government has identified the necessity of a national water supply that is sensitive to gender equality and social integration applicable to all water supply and sanitation service providers. At present, there is no formal national framework for setting, reviewing, approving, and implementing tariffs for water supply systems operated by various water supply providers as well as for setting, reviewing, approving, and implementing tariffs for sanitation systems.
Therefore, the Ministry of Housing, Construction, and Water Supply has formulated a water tariff policy covering all water supply service providers under the Sri Lanka Water Supply and Sanitation Sector Reform Program, which is a policy-based loan program implemented under Asian Development Bank funds.
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