Sri Lanka Waiving Duties on Imports That Meet Investment Condition

Sri Lanka will waive duties on goods imported by companies or projects “representing an investment” of at least $50 million in the country, the Hong Kong Trade Development Council reported May 25. The measure, retroactive to March 6, 2019, will cover imported construction materials, machinery and other goods, HKTDC said. It isn’t yet clear how companies receive a refund for import duties paid since March 6, 2019.