State Minister of Finance, Shehan Semasinghe, announced that import restrictions on all items will be lifted starting next month, with the exception of vehicles. This move aims to facilitate smoother trade and meet the demands of consumers.
Semasinghe revealed that the decision comes as part of the government's efforts to boost economic activity and address the concerns of businesses and consumers. The import restrictions had been implemented to conserve foreign exchange reserves and manage the country's trade deficit.
While the exact list of items and details of the relaxation of import restrictions will be clarified in the upcoming announcement, it signals a significant step towards economic recovery and providing consumers with greater access to a wider range of goods.