Import restrictions on vehicle spare parts, cosmetics to be lifted soon

Sri Lanka’s Finance Ministry said that the import restrictions on a number of products including cosmetics, and vehicle spare parts will be lifted within two weeks.

State Finance Minister Ranjith Siyambalapitiya on Friday (21) said that the Department of Economic Research will work on lifting the restrictions after considering the appeals forwarded by those involved in the relevant sectors.

On the 23rd of August 2022, Sri Lanka restricted the imports of 1,465 products due to the forex crisis.

Thereafter, 708 products were removed from that list after considering multiple appeals.

The State Minister said the restrictions will be gradually lifted in the future based on the reasonable requests made by importers.