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Saturday, 22 August 2015 - 17:20
Sri Lanka needs to remove taxes from exports
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Member of Parliament and former deputy minister of policy planning and Economic affairs Harsha de Silva said that Sri Lanka needs to remove taxes for exporters in order to increase exports.

De Silva said that he does not understand why exports must be taxed, and that he thinks they should completely get rid of export cesses, because it does not help but block exports.

In June, Sri Lanka’s exports earnings recorded a decline of 4.2 per cent, year-on-year, to 944 million US dollars due to lower earnings from tea, textiles and garments, rubber products and seafood exports, while total imports rose 13.5 percent to 1.33 billion dollars due to imports of vehicles for personal usage and business purposes.

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