Sri Lanka Lifts Import Ban on Trucks and Heavy Vehicles

tendata blogTrade Trends News

ten data blog16-08-2023

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Sri Lanka on Tuesday lifted an import ban on trucks and other heavy vehicles that had been in place since March 2020, according to a gazette notification.


Sri Lanka has been gradually easing import restrictions which were imposed as a result of the financial crisis the country's economy was in due to a severe shortage of US dollars.


However, this is the first time that some of the restrictions imposed on vehicles in March 2020 have been lifted.


According to a government notification issued by President and Finance Minister Ranil Wickremesinghe, heavy vehicles including buses, trucks and tankers can now be imported.


However, the ban on import of passenger vehicles, including cars, will remain in place.


Sri Lanka's economy has stabilized over the past nine months after receiving a $2.9 billion bailout from the International Monetary Fund (IMF), controlling inflation levels and beginning to rebuild foreign exchange reserves.


Sri Lanka's foreign exchange reserves rose 26 percent to $3.8 billion in July, the highest level in 19 months, thanks to an increase in remittances and tourism receipts. The currency has risen about 13.5 percent this year, central bank data show.


Despite the easing of the crisis, the country still needs to finalize debt negotiations with creditors by September in time to undergo its first IMF program review and implement key economic reforms to put its recovery on a sustainable path.


Sri Lanka's economy is expected to contract by about 2 percent this year, following a 7.8 percent contraction last year, according to central bank estimates.



How to Find Export Opportunities for Trucks and Other Heavy Vehicles in Sri Lanka?

Then for how to find foreign customers who import Trucks and Other Heavy Vehicles, we take Trucks as an example, combined with Tendata, to explain how to find Trucks importers.

First of all, enter Tendata official website:https://www.tendata.com, consult free inquiry real import Trucks importers.



Enter Tendata iTrader, through the trucks of the keyword, a key search to the global trucks importers, to find the market of interest to further view the details of the importer's list, through the analysis of the rapid grasp of the product flow, lock the target market on the latest real imports of Trucks buyers; combined with the frequency of imports, the cycle and size of the information to determine the nature of the importer, easy to filter the forwarder In addition, we can also analyze the imported trucks through the mainstream foreign markets to determine the nature of the importer.


import ban on trucks,import ban on heavy vehicles,sri lanka import

import ban on trucks,import ban on heavy vehicles,sri lanka import



In addition, we can also through the mainstream foreign social media, search engines, commercial data and third-party cooperation to provide industrial and commercial information and other data, according to the industry query may be imported trucks customer groups, easy, fast and accurate access to key people contact information.


import ban on trucks,import ban on heavy vehicles,sri lanka import



These are the most commonly used methods to find customers importing Trucks through customs data. In addition, Tendata iTrader can also provide the latest social media marketing (e.g., bulk search, mass mailing, etc.) and AI customer acquisition programs.


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