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The General Direction No 01 of 2018 as per the Monetary Board of the Central Bank of Sri Lanka under section 44 of the Payment and Settlement Systems Act No 28 of 2005 came into immediate effect as of 25 July 2018 implies to the operations of the Common Electronic Fund Transfer Switch, Lanka Clear (Pvt) Ltd and members of CEFTS. [8]
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Arshiya International will be developing three more Free Trade and Warehousing zones in Central, South and East of India. Cochin Special Economic Zone is a Special Economic Zone in Cochin, in the State of Kerala in southwest India, set up for export- oriented ventures.
Established in 1978, Katunayake is Sri Lanka's first EPZ, located near the international airport, and is a key zone for garment manufacturing and other exports. [8] Koggala EPZ: Galle District: This EPZ, established in 1991, focuses on industries such as garments and manufacturing, located in Southern Sri Lanka. [9] Malwatta EPZ: Gampaha District
Fiji: Fiji Development Bank (FDB) India: Industrial Development Bank of India (IDBI), Industrial Finance Corporation of India (IFCI), Small Industries Development Bank of India (SIDBI), National Bank for Agriculture and Rural Development (NABARD), Export-Import Bank of India (EXIM), National Housing Bank (NHB), National Bank for Financing ...
Sri Lanka earned $1.3 billion from tourism in the first eight months of 2023, up from $833 million dollars during the same period last year, according to the central bank. (Reporting by Uditha ...
A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members. The key difference between an FTA and a PTA is that PTAs have a positive list of products on which duty is to be reduced, while an FTA uses a negative list ...