Sri Lanka recorded a deficit in the merchandise trade account narrowed to US $ 358 million in December 2022, from $1,085 million recorded in December 2021, helped by a larger decline in imports, compared to the decline in exports, Central Bank announced.
Sri Lanka’s merchandise exports in 2022 posted US $ 13.07 billion, up by 5% from 2021 sustaining its resilience, but fell short $ 1.03 billion from the set target of $16 billion.
The Ministry of Tourism is taking measures to re-enter the meetings, incentives, conferences and exhibitions (MICE) market as the country opens for tourism amid an economic crisis in the aftermath of Coronavirus pandemic.
Sri Lanka has embarked on on a project of strengthening plastic management capacity with the assistance of the Japanese International Corporation Agency (JICA) for a sound material cycle society and circular economy in the island.