The Cabinet of Ministers in Sri Lanka has approved the removal of the Import Control License requirement for selected essential grains. This decision, announced by the Department of Government Information, affects food grains and commodities classified under 126 Combined Classification Codes, which had been subject to import control permits since May 1, 2024.

The suspension of import control licenses for 53 combined classification codes is also included in this policy change. The move aims to eradicate black market profiteering, prevent illegal grain importation, curb unfair retail price hikes, and ensure affordability for consumers. It also seeks to protect domestic producers by implementing appropriate tax rates and quarantine measures.

The decision follows recommendations from a committee led by the Secretary to the President, which includes the Governor of the Central Bank, the Secretary to the Treasury, and the Senior Economic Adviser to the President. The approved proposal, presented by the President in his capacity as Minister of Finance, Economic Stabilization, and National Policies, lifts the import control license requirement for Mung bean, Black Gram, Cowpea, Finger millet, Soy flour, and peanuts. However, imports will still require a National Phytosanitary License from the National Plant Quarantine Service, with measures in place to protect local producers based on recommendations from the Ministry of Agriculture and Plantation Industries.