Home / Front Page/ Govt. ready to launch Trade Information Portal in May

Govt. ready to launch Trade Information Portal in May


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 11 April 2018 00:00


 

  • 80% of work completed with support of 55 agencies
  • DoC DG raises concerns over delays in implementing commitments under TFA
  • Customs DG says implementation of TIP will ensure transparency, predictability in all border clearance processes

 

By Charumini de Silva

In a major boost to streamline trade, Sri Lanka expects to launch the proposed Trade Information Portal (TIP) in mid-May as 80% of the work has been completed, a senior official said.

“Almost 80% of the TIP work has been completed with the support of 55 other agencies,” the Department of Commerce Director General and National Trade Facilitation Committee (NTFC) Co-Chairperson Sonali Wijeratne said recently at the first public-private consultations on the establishment of a National Single Window (NSW) in Sri Lanka, organised by the International Trade Centre (ITC) in collaboration with NTFC.

Sri Lanka has formulated an action plan to implement the provisions of the Trade Facilitation Agreement (TFA), which has been agreed by the members of the NTFC. The project aims to deliver improved transparency, predictability and availability of trade-related information, an increased level of compliance to legislation and regulation, enhanced speed at which business may be transacted, reduced cost of doing business and reduced bureaucracy.

However, Wijeratne raised concerns over certain delays in implementing commitments, noting that it had taken almost three years for Sri Lanka to officially notify the WTO of the commitments under categories A, B and C of the TFA.

“The notification of categories A, B and C to the WTO has taken too long as I see it. Although we started this process in 2015 through the submission of a Cabinet paper to notify these three categories, the establishment of the NTFC was only in February 2018. Why is that? That is because there are procedural difficulties that have been put into the NTFC by way of concentration on form and not substance,” she pointed out. 

She stressed the fact that when the country is in a mechanism relating to trade facilitation, the nodal organisations competently involved in the day-to-day operations of the regulatory regime such as all these departments and agencies should be given greater licence to proceed under the aegis of their respective ministries.

“We need to have a difference in the culture of looking at this subject of trade facilitation. This is a national effort. This is what we all are doing together. This is not something we are trying to gain some prestige over or control over. I think as soon as we have that virus of ‘we can control or possess’ in the system, it will take away the enthusiasm and all the momentum that has been there so far,” Wijeratne added.

Sri Lanka Customs Director General and NTFC Chairperson P.S.M. Charles emphasised that the implementation of the trade portal would ensure transparency and predictability in all border clearance processes.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Ministry of Civil Aviation: A nation rich in connectivity

Wednesday, 23 October 2019

lIncrease runway movement from 11 to 17 departures per hour at BIA. lFacilitate an optimum structure to ensure a strong network of airports.


Elpitiya test market: Implications for brands Gota and Sajith

Wednesday, 23 October 2019

In the traditional world of marketing, we tend to test market a product before going national with it. There are three test marketing areas that are normally selected by FMCG companies - Gampaha, Kandy and Negombo. The logic behind this is that the c


How to promote innovations to transform our nation

Wednesday, 23 October 2019

“There is only one thing stronger than all other armies of the world: and that is an idea whose time has come” – Victor Hugo A country’s economic success and prosperity largely depends on the technological advancement it embraces and the leve


An efficient energy sector for economic growth

Tuesday, 22 October 2019

When I saw the advertisement about an Energy Forum organised by PUCSL for a Policy Dialogue on the importance of an efficient energy sector for economic and investment growth, I was very happy as I have been interested in this relationship for more t


Columnists More