2022-12-13
News Categories : Committee News
Minister of Trade, Commerce and Food Security Hon. Nalin Fernando said that at present his ministry has been able to control the rise in the market price of essential food items. He said so at the Ministerial Consultative Committee on Trade, Commerce and Food Security held in Parliament recently.
Addressing the committee, the minister further mentioned that when comparing the prices of the open market in the months of March and April, the consumer has been able to get relief from the reduction in the price of essential goods by November. Accordingly, one kilogram of dhal in the open market in July was 595 rupees, and in December, one kilogram of dhal was reduced to 389 rupees from Lanka Sathosa . He further mentioned that 1 kilogram of wheat flour which was 410 rupees in the open market, was reduced to 265 rupees from Lanka Sathosa in December.
Also, the minister said that the Sathosa was able to reduce the price of one kilogram of white sugar which was at 280 rupees to 229 rupees and to reduce the price of one kilogram of samba rice from 225 rupees to 198 rupees.
The Minister instructed the Consumer Affairs Authority and the Department of Measurement Units Standards & Services to continue market monitoring and inspections for the sake of consumer protection during the upcoming festive season.
In addition to that, he emphasized that the Consumer Act No. 9 of 2003 will be amended with the aim of establishing a fair market system. The Minister said that the qualifications of the full-time members including the Chairman of the Consumer Authority are expected to be included in the Act and the method of investigating consumer complaints against manufacturers and traders is expected to be included in the Act in a more systematic manner. Minister also said that he intends to present the revised draft including new clauses to the next consultative committee meeting.
Opinions were also expressed about the implementation of programs to attract the youth to the cooperative sector. Minister said that it is proposed to implement relief programs through the cooperative sector to identify young entrepreneurs and direct them to the production process. Also, through the empowerment of cooperative societies, it is expected to further strengthen the retail and wholesale network and to introduce a cooperative scholarship system, he said.
The minister also said that at present, it has been possible to run the State Trading Corporation (STC) profitably. STC was given the exclusive right to import and distribute the ammonium nitrate required by the country, but with the ban on the export of ammonium nitrate by India, the explosives industry in the country suffered a setback. But again, ammonium nitrate has been imported and distributed through STC, minister said.
Also, the minister said that the government has paid close attention to ensuring food security in the country. It was also emphasized that a project to promote women entrepreneurs in order to increase incomes and improve the quality of life will be started within this month. The chairman mentioned that at the moment, identification of the relevant beneficiaries is going on at the divisional secretariat level and after the relevant identification, the necessary equipment will be provided to the women entrepreneurs by STC.
Discussions were held on the relaunch of the Mahapola Education and Trade Fair and the Minister said that the Mahapola Education and Trade Fair will be restarted by March 2023.
State Ministers Hon. S. Viyalanderan, Hon. Kader Mastan, Hon. Rohana Dissanayake and several Members of Parliament were present at the meeting held. Also, a group of officials representing relevant institutions including the Secretary to the Ministry of Trade, Commerce and Food Safety also participated.
2026-07-16
Parliamentary Caucus for Youth focused on the importance of obtaining the views and proposals of young people on the Draft National Youth Policy.The matter was discussed at the sixth meeting of the Parliamentary Forum for Youth, held recently in Parliament under the chairmanship of Hon. Deputy Minister Eranga Gunasekara.During the meeting, an extensive discussion was held on the Draft National Youth Policy. Attention was also drawn to obtaining the views and proposals of the Members of the Caucus with a view to incorporating the needs and aspirations of young people into the policy in a more effective manner.It was further emphasised that the Parliamentary Caucus for Youth will continue to facilitate the meaningful inclusion of the voices of young people in the policy formulation process.The meeting was attended by Hon. Members of Parliament and officials.
2026-07-10
The Committee on High Posts, which met in Parliament recently (Jul. 08), has granted its approval for the appointment of Mr. D.P. Wickramasingha as the Secretary to the Ministry of Agriculture, Livestock, Land and Irrigation.The meeting was chaired by the Hon. Prime Minister Dr. Harini Amarasuriya and was attended by Hon. Ministers Bimal Rathnayake and Dr. Upali Pannilage, as well as Hon. Members of Parliament Dr. Nihal Abeysinghe, Rishad Bathiudeen, K. Kader Mastan, Kumara Jayakody, Kathiravelu Shanmugam Kugathasan, and Attorney-at-Law Chamindrani Kiriella.
2026-07-08
The Committee on Public Finance (CoPF) has approved the submission to Parliament of a Resolution under the Customs Ordinance and two Orders under the Sri Lanka Export Development Act, following its consideration.The decision was taken at a meeting of the Committee held in Parliament on 6th July, chaired by Hon. Member of Parliament Dr. Harsha de Silva.Accordingly, the Committee considered the Resolution published in Extraordinary Gazette No. 2478/03 under the Customs Ordinance (Chapter 235), as well as the Orders published in Extraordinary Gazette Nos. 2478/04 and 2479/38 under the Sri Lanka Export Development Act. Officials representing the Ministry of Finance, Sri Lanka Customs, and the Sri Lanka Export Development Board (EDB) attended the meeting.In line with the 2026 Budget proposal to implement the National Tariff Policy, the existing customs import duty rates of 0%, 15% and 20% on imported goods have been restructured into a four-band system of 0%, 10%, 20% and 30%, effective 1 April 2026.Committee discussions emphasized that these amendments are not merely changes to tax rates, but mark the beginning of implementing a National Tariff Policy that will shape Sri Lanka's trade and investment environment over the coming decade. Officials explained that the principal objective of the policy is to establish a scientific and predictable tariff structure that will enable Sri Lanka to integrate more effectively into global supply chains.Under the policy, a new four-band tariff structure based on the United Nations Broad Economic Categories (BEC Revision 5) classification is proposed, requiring the reclassification of numerous HS tariff codes. The new tariff framework will classify imports under four principal categories—capital goods, intermediate goods, sensitive intermediate goods, and consumer goods—while also balancing the objectives of protecting domestic industries and maintaining stable government revenue.It was also revealed that, to provide relief to the construction sector, the current effective import tax rate on ceramic tiles, which stands at approximately 85–90%, will be reduced in stages to 20% by 2029. This is expected to lower construction costs and encourage investment in housing and infrastructure.The Government also proposes introducing new national tariff sub-categories for various sectors in response to requests from domestic industries.Officials further noted that the Government aims to gradually phase out para-tariffs such as the CESS and the Ports and Airports Levy (PAL) by 2029, moving towards a simpler tariff regime. The Committee also advised officials to consider measures to mitigate any adverse impacts that may arise from tariff liberalization.It was noted that these tax reforms are expected to support the Export Development Board's objective of doubling Sri Lanka's export earnings from US$18 billion to US$36 billion over the next five years. The policy is also expected to provide a strong foundation for integrating Sri Lanka into global supply chains, particularly in the electronics, rubber products, pharmaceuticals, and information technology sectors.The Committee also expressed serious concern over delays in updating trade data. The Chair observed that the Department of Trade and Investment Policy's trade database had not been updated since 2021, and instructed the relevant officials to update all trade data and related information required for evidence-based policymaking within one week.The Gazette notifications are scheduled to be debated in Parliament today (8 July), following which they are expected to be submitted for Parliamentary approval.The meeting was attended by Hon. Deputy Minister Chathuranga Abeysinghe, Hon. Deputy Minister Dr. Kaushalya Ariyarathna, and Hon. Members of Parliament Ravi Karunanayake, Harshana Rajakaruna, and Attorney-at-Law Lakmali Hemachandra.
2026-07-08
Hon. Minister of Transport, Highways and Urban Development Bimal Rathnayake stated that the Government will introduce a Cluster Bus Company System to improve public transportation, adding that Cabinet approval for the initiative was recently granted.The Minister made these remarks yesterday (7th July) while chairing the meeting of the Ministerial Consultative Committee on Transport, Highways and Urban Development in Parliament.He further stated that the scheme will initially be implemented as a pilot project on bus routes 177, 170 and 190.The Minister also said that the previous four categories of bus services; normal, semi-luxury, luxury and super-luxury have been streamlined by removing the semi-luxury and super-luxury categories. Referring to the Semi-Luxury category, the Minister stated that a related court case is currently pending and that the relevant facts will be presented before the court.Minister Rathnayake further pointed out that it is not equitable to apply a single fare formula to both long-distance and short-distance bus services. Given the higher operating costs associated with long-distance services, a separate methodology will be introduced to determine fares for long-distance buses. He emphasized that the Government is committed to safeguarding both the bus industry and passengers.The Chair of the Committee also sought clarification from officials on whether bus fares could be reduced following recent fuel price decreases. Officials explained that although fuel prices have declined, other operating costs remain high, limiting the scope for fare reductions.The Committee also discussed a range of issues including reducing road accidents, establishing dedicated lanes for bicycles and motorcycles, road development projects, and complaints from passengers regarding the failure to receive correct change from bus conductors. Officials were instructed to take the necessary action on these matters.The Chair further directed officials to intervene promptly to resolve issues raised by Members of Parliament relating to the transport and urban development sectors.The Committee also agreed that regulations made by the Minister of Transport, Highways and Urban Development under the Motor Traffic Act (No. 203), and published in Extraordinary Gazette No. 2480/22 dated 19 March 2026, should be submitted to Parliament for approval following the Committee's consideration.The regulations extend the concessionary period granted for fitting seat belts to seats in vehicles travelling on expressways where seat belts were not originally installed by the manufacturer. As the Committee observed that the previous grace period was insufficient, it has been extended from 20 March 2026 until 19 June 2026.The meeting was attended by Hon. Deputy Minister of Urban Development Eranga Gunasekara, several Members of Parliament, and officials representing the Ministry of Transport, Highways and Urban Development.
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