Critical that an independent trade facilitation unit be set up by government
Quote from OECD report
“Steady increases in trade volumes and complexity in recent years have significantly changed the operating environment for the international trading community. They have also highlighted the negative impact of inefficient border procedures on governments, businesses and ultimately on the customer and the economy as a whole. Governments may face smuggling, fraud and national security problems, which drain the public coffers, while businesses pay the price of slow and unpredictable goods delivery, costly customs procedures, and even lost business opportunities. And all these costs ultimately make goods more expensive for the consumer. These ‘hidden’ costs of trade are so high – as much as 15% of the value of the goods traded in some cases – that studies show that for many countries, the welfare benefits from more efficient customs procedures could be as high as those from reducing tariffs.”
Since Sri Lanka is expected to enter into a Free Trade Agreement with China, Sri Lanka Apparel Exporters Association organized a seminar at Hilton Colombo Residence on the 5th of August 2014 for the Apparel Exporters of Sri Lanka. The aim was to enhance the knowledge and quality awareness on supervisory regulations and mandatory testing requirement of textile & apparel market of China.
Journal & Directory of the Sri Lanka Apparel Exporters Association, containing valuable information with regard to the apparel industry.
Issue No. 88