State Minister of Finance, Shehan Semasinghe, has disclosed that import restrictions on all items are set to be lifted in October 2023, with the notable exception of vehicles.
Speaking at an IMF conference held in Anuradhapura, Semasinghe explained that the decision to maintain import restrictions on vehicles stemmed from the government’s assessment of the relative importance of personal items in comparison to other sectors of the economy.
This announcement marks a significant development in the country’s economic policy and is poised to have implications for various sectors reliant on imports. As October approaches, businesses and stakeholders will be closely monitoring the changes in import regulations and their potential impact on the Sri Lankan economy.
