Vehicle imports will not be allowed in 2022
Occurred in Sri Lanka on Dec. 10, 2021 at 10:29 a.m.
Reported by Nishadi Gunatilake via Internet on Dec. 10, 2021 at 11 a.m.
Reported by Nishadi Gunatilake via Internet on Dec. 10, 2021 at 11 a.m.
# foreign exchange crisis
# Imports
# import restriction
This report is Confirmed true
and is of
Low Priority.
Here is why -
The Government has imposed a complete ban on importation of motor vehicles since March 2020 sighting foreign currency outflows as the main reason. As per the National Budget 2022, the ban is to continue further in the foreseeable future. When inquired about this decision from Finance Ministry officials, the Vehicle Importers Association of Sri Lanka had been informed that importation of vehicles is an area that they have not even considered due to the prevailing foreign currency issue. Read more here: https://www.ft.lk/opinion/National-Budget-2022-and-impact-on-motor-vehicle-importation/14-727640.
Resolution added by - Nishadi Gunatilake