Local industrialists' good treatment of workers, a fillip to export
- Enterprise Development and Investment Promotion
Launch: Many countries including the European Union have
endorsed local industrialists' treatment of workers as best in the world
and is a tremendous advantage to promote our exports in that region,
Minister of Enterprise Development and Investment Promotion, Dr Sarath
"Sri Lankan industrialists are giving a sense of dignity and respect
to workers," Minister Amunugama said at the launching ceremony of the
online investor friendly facility for export documentation for BOI.
From June 1, the BoI inaugurated the new online export cusdec system
enabling sea freight documentation to be processed at the Central
Verification Terminal at Urugodawatte and air freight will be done at
the air cargo terminal at Katunayake.
Minister Amunugama said that EU region has highly commended our Sri
Lankan industrialists because they respect the rights and workers
ethics. Due to our good behaviour EU has permitted duty free access to
our industrialists through GSP plus, he said.
Minister Amunugama said that to reap those benefits we have to infuse
state-of-the-art technology to our export and import supporting system
especially ancillary agencies like BOI, Sri Lanka Customs and other
Introducing the new online investor friendly export system will
enable the investors to be internationally competitive. If the
supporting systems are not efficient or effective it will create an
economic loss to the companies, however, efficient they are, Minister
He said at present the BoI is in the process of identifying crucial
constraints to be addressed in the import and export sectors to ease out
Chairman/Director General, BOI Dhammika Perera said that his
objective always has been to make Sri Lanka more competitive as a
destination for investment. He said that due to advanced features in the
system it will make the processing of export documents much faster than
at present. It is easily accessible to the investors and therefore there
is minimum inconvenience, he said.
Another advantage of the system is that export documents can be
submitted 24 hours a day and 7 days a week. How some countries have
succeeded in attracting a large quantum of FDI is that they are always
open for business which is clearly a move in the right direction for Sri
Lanka, he said.