The Ceylon Chamber of Commerce conducted a seminar titled, ‘WTO Trade Facilitation Agreement – What Business Needs to Know,’ under the Trade Intelligence for Private Sector (TIPS) Initiative of the Chamber, which aims to help the private sector to stay up-to-date on international trade issues and advocate for policy changes.
The seminar was held on the 3rd April, 2017 starting at 9 am at the Ceylon Chamber of Commerce and consisted of presentations by co-chairs of the National Trade Facilitation Committee (NTFC) and focus on the TFA reforms that are underway and how businesses could benefit from those reforms.
Ms. Sonali Wijeratne, Director General of Commerce, who is a co-chair of the NTFC,Mr. S Rajendran, Additional Director General of Customs, Mr. Dinesh de Silva, Chairman of the Import Section of the Ceylon Chamber, Mr. Anushka Wijesinha, the Chief Economist of the Ceylon Chamber of Commerce and Ms. Jayani Ratnayake, an economist of the Ceylon Chamber of Commerce delivered presentations during the seminar.
Sri Lanka is a signatory of the WTO Trade Facilitation Agreement (TFA) which came into force last month and has agreed to do many trade facilitation reforms. The TFA can be a game changer for Sri Lanka’s international trade and could bring bigger benefits for business than trade liberalization.