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Sri+Lanka+business+chamber+says+Britain%E2%80%99s+EU+exit+could+hit+trade%2C+loans
Saturday, 25 June 2016 - 14:09
Sri Lanka business chamber says Britain’s EU exit could hit trade, loans
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The Ceylon Chamber of Commerce said that Sri Lanka’s exports to Britain and the European Union could be affected by Britain’s exit from the EU and the island’s borrowing costs could rise. 

It said in a statement that the full impact on international trade would take time to be felt with negotiations around the terms of Britain’s new engagement with Europe likely to take a couple of years.

It said that the effect of Britain’s EU referendum results on international financial markets would be a key channel of impact for Sri Lanka, as the external commercial borrowing environment becomes more volatile.

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