Trade & Investment

An Overview of Sri Lanka's Trade Policy

Sri Lanka has been practicing an open economic policy since 1977.  The economy has been growing steadily during the past few years with a rate of over 8% in 2014.  GDP growth remains one of the healthiest in the region at 7.3% with per capita income at USD 3,191 in 2013.  The country also has a high literacy rate of 95.6% and an unemployment rate of 4.4%.

The main exports are textiles and apparel, tea and spices, rubber products, precious stones, coconut products and fish. Sri Lanka is world famous for tea and overseas employment of Sri Lankans is also a significant contributor to the economy. Key imports include petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs.  Sri Lanka's main markets include USA, UK, Japan, China, India and the Middle East.  Among the main import markets are Japan, India, UK, USA, among others.

Sri Lanka has signed Free Trade Agreements with India, Pakistan and China.  It is also a member of the South Asian Free Trade Area (SAFTA), APTA, BIMSTEC and a member of the G-15.

Sri Lanka has been successfully moving towards achieving the Millennium Development Goals and has achieved halving poverty, gender equality and education goals. 

The Ministry of Industry and Commerce and particularly its Department of Commerce, is tasked with Sri Lanka's trade policy, implantation and promotion, especially overseas.  

For more information please visit the following websites:

Ministry of Industry and Commerce: www.industry.gov.lk

Department of Commerce: www.doc.gov.lk

 

Why Invest in Sri lanka

Sri Lanka has one of strongest economies in the South Asian region, with a growth rate of over 8% in 2014.  Strategically located in the Indian Ocean, with a large and dynamic services sector, an educated and skilled workforce, excellent infrastructure and global connectivity, Sri Lanka is an ideal destination for the foreign investor.  The country is also fast emerging as an air, maritime, energy, knowledge and commercial hub in the region.

The Government of Sri Lanka has put in place several regulations to promote and protect foreign investment, including total foreign ownership in almost all areas of the economy.  There are no restrictions on repatriation of earnings and the safety of foreign investment is guaranteed under the constitution.  There is also a sophisticated and transparent legal framework in place.  Sri Lanka has signed 28 bilateral investment protection agreements and 38 agreements on the avoidance of double taxation.   Free trade agreements with India, Pakistan and recently with China, also provides access to these large markets. 

Sri Lanka's export processing zones and industrial parks have been a linchpin in the industrial development and inflow of foreign direct investment into Sri Lanka. The country's economic development zones are seen as benchmarks of successful implementation of zone development strategies. 

Sri Lanka’s strategic location in the Indian Ocean is an added incentive for the investor, as it is situated in one of the world’s most important and busiest maritime routes.  The country is also well connected by air.   The Government has heavily invested in infrastructure and energy.  Yet, Sri Lanka is also mindful of environmental protection and sustainable development. 

The Board of Investment of Sri Lanka (BOI) is the key institution regarding the promotion of investment and the one stop shop for all potential investors to Sri Lanka.  

For further information regarding investing in Sri Lanka, please visit the BOI website on. www.investsrilanka.com


 

Procurement Notice for Pharmaceutical Items - Global

The Chairman, procurement Committee of the State Pharmaceuticals Corporation of Sri Lanka will receive sealed bids for supply of following items to the Department of Health Services for year 2019.

Bid Number Closing Date & Time Item Description Date of issue of Bidding Documents from Non-refundable Bid Fee
DHS/P/WW/382/19

14.06.2018 at 9.00 a.m.

4,300,000 Tablets of Olanzapine Tablets 5mg 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/383/19 14.06.2018 at 9.00 a.m. 2,400 Bottles of Carbamazepine Syrup 100mg/5ml, 100ml bottle 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/384/19 14.06.2018 at 9.00 a.m. 2,750,000 Tablets of Clobazam Tablet 10mg 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/385/19 14.06.2018 at 9.00 a.m. 75,000 Tablets of Disulfiram Tablets 250mg 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/386/19 14.06.2018 at 9.00 a.m. 32,000 Vials of Fluorometholone Eye Drops 0.1 %, 5ml dropper bottle 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/387/19 14.06.2018 at 9.00 a.m. 8,000 Vials of Tropicamide Eye Drops 1 %, 15 ml 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/388/19 14.06.2018 at 9.00 a.m. 14,000 Bottles of Peractic Acid 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/389/19 14.06.2018 at 9.00 a.m. 3,300 Vials of Gentamicin + Hydrocortisone Ear Drops 10ml 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/390/19 14.06.2018 at 9.00 a.m. 31,000 ml of Flexible Collodion 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/391/19 14.06.2018 at 9.00 a.m. 4,500 g of Dithranol Powder 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/392/19 14.06.2018 at 9.00 a.m. 9,000 Jars of Silver Sulphadiazine Cream 1%, 500g 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/393/19 14.06.2018 at 9.00 a.m. 8,000 Bottles of Selenium Sulphide Lotion 2.5%, 60 ml bottle 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/394/19 14.06.2018 at 9.00 a.m. 63,000 Tubes of Permethrin Cream 5 %, 15g tube 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/395/19 14.06.2018 at 9.00 a.m. 157,000 g of Zinc Oxide Powder 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/396/19 14.06.2018 at 9.00 a.m. 100,000 g of Sulphur Precipitated Powder 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/397/19 14.06.2018 at 9.00 a.m. 600 Vials of Pilocarpin Nitrate Eye Drop 2%, 10ml vial 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/398/19 14.06.2018 at 9.00 a.m. 700 Vials of Perflurodecalin 5ml vial 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/399/19 14.06.2018 at 9.00 a.m. 3,500 Vials of Dorzolamide Ophtalmic Solution 2%, 5ml vial 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/400/19 14.06.2018 at 9.00 a.m. 15,000 Tubes of Calcipotriol 50mcg + Betamethasone Ointment 15g tube 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/401/19 14.06.2018 at 9.00 a.m. 12,000 Tablets of Gefitinib Tablet 250 g 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/402/19 14.06.2018 at 9.00 a.m. 1,500 Vials of Prothrombin Complex Concentrate Injection 500 IU 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/403/19 14.06.2018 at 9.00 a.m. 3,100 Bottles of Protein Hydrolysate Injection 100ml 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/404/19 14.06.2018 at 9.00 a.m. 50,000 Vials of Hepatitis B Vaccine Single dose vial 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/405/19 14.06.2018 at 9.00 a.m. 900,000 Ampoules of Tetanus Toxoide Vaccine 0.5ml (SD) 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/406/19 14.06.2018 at 9.00 a.m. 7,000,000 Tablets of Carbimazole Tablet 5mg 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/407/19 14.06.2018 at 9.00 a.m. 82,500 Tablets of Fludrocortisone Tablet 0.1mg 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/408/19 14.06.2018 at 9.00 a.m. 430,000 Ampules of Dexamethasone Injection 8mg/2ml 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/409/19 14.06.2018 at 9.00 a.m. 7,000 Tablets of Desmopresin Tablet 100mcg 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/410/19 14.06.2018 at 9.00 a.m. 23,500 Tablets of Mesalazine Tablet 400mg 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/411/19 14.06.2018 at 9.00 a.m. 3,300 Ampoules of Isoprenaline HCI Injection 2mg/2ml 04.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/472/19 26.06.2018 at 9.00 a.m. 9,000 Tubes of Benzoyl Peroxide Gel 5%, 30g tube 16.05.2018 Rs. 3,000/=  + Taxes
DHS/P/WW/473/19  26.06.2018 at 9.00 a.m. 12,000 Tubes of Benzoyl Peroxide Gel 2.5%, 20g tube 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/474/19 26.06.2018 at 9.00 a.m. 7,000 Tubes of Cetrimide Cream 0.5%, 50g tube 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/475/19 26.06.2018 at 9.00 a.m.  7,000 Bottles of Cyclosporin Eye Drop 0.1% w/v, 5ml dropper bottle 16.05.2018  Rs. 3,000/=  + Taxes
 DHS/P/WW/476/19 26.06.2018 at 9.00 a.m. 10,000 Bottles of Olopatadine Hydrochloride Eye Drops 1mg/ml, 5ml dropper bottle

16.05.2018

Rs. 3,000/=  + Taxes
 DHS/P/WW/477/19 26.06.2018 at 9.00 a.m. 40,000 Vials of Bacillus Calmette-Guerin Vaccine, 20 dose vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/478/19 26.06.2018 at 9.00 a.m. 35,000 Vials of Adsorbed Diphteria and Tetanus Vaccine (DT) 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/479/19 26.06.2018 at 9.00 a.m. 25,000 Vials of Adsorbed Adult Tetanus and Diphteria Vaccine (aTD) 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/480/19 26.06.2018 at 9.00 a.m. 40,000 Vials of Tetanus Toxoid Vaccine, 10 dose vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/481/19 26.06.2018 at 9.00 a.m. 80,000 Vials of Live Japanese Encephalitis Vaccine (LJEV), 5 dose vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/482/19 26.06.2018 at 9.00 a.m. 20,000 Vials of Inactivated Poliovirus Vaccine (IPV) 5 dose vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/483/19 26.06.2018 at 9.00 a.m. 30,000 Vials of Adsorbed Diphteria Tetanus and Purtussis Vaccine (DPT) 10 dose vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/484/19 26.06.2018 at 9.00 a.m. 35,000 Bottles of 0.2% Chlorhexidine Mouth Wash, 100 ml bottle 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/485/19 26.06.2018 at 9.00 a.m. 8,000 Bottles of 0.05% Fluoride Mouth Wash, 60-100ml bottle 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/486/19 26.06.2018 at 9.00 a.m. 60,000 Capsules of Biotin Capsule 5mg 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/487/19 26.06.2018 at 9.00 a.m. 40,000 Tablets of Sotalol Hydrochloride Tablet 80mg 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/488/19 26.06.2018 at 9.00 a.m. 100,000 Tablets of Metolazone Tablet 5mg 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/489/19 26.06.2018 at 9.00 a.m. 6,500,000 Tablets of Captopril Tablets 12.5mg 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/490/19 26.06.2018 at 9.00 a.m. 1,500 Bottles of Captopril Syrup 5mg/ml, 100ml bottle 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/491/19 26.06.2018 at 9.00 a.m. 2,600 Vials of Etomidate Injection 20mg/10ml vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/492/19 26.06.2018 at 9.00 a.m. 15,000 Suppositories of Diclofenac Sodium Suppository 12.5mg 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/493/19 26.06.2018 at 9.00 a.m. 2,000 Vials Dried Factor IC Fraction 500IU vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/494/19 26.06.2018 at 9.00 a.m. 77,000 Vials of Amikacin Injection 500mg in 2ml vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/495/19 26.06.2018 at 9.00 a.m. 200 Ampoules of Quinine Dihydrochloride Injection 600mg/2ml Ampoule 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/496/19 26.06.2018 at 9.00 a.m. 200 Tablets of Quinine Sulphate Tablet 300mg 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/497/19 26.06.2018 at 9.00 a.m. 5,000 Tablets of Primaquine Tablets 7,5mg 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/498/19 26.06.2018 at 9.00 a.m. 225 Tablets of Piperaquin Tetraphosphate 320mg + Dihydroartemesin 40mg Tablet 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/499/19 26.06.2018 at 9.00 a.m. 250 Vials of Artesunate Injection 60mg vial 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/500/19 26.06.2018 at 9.00 a.m. 4,800 Tablets of Artemether 20mg + Lumefantrine 120mg Tablet 16.05.2018 Rs. 3,000/=  + Taxes
 DHS/P/WW/501/19 26.06.2018 at 9.00 a.m. 9,000 PF Syringes of Tinzaparin Sodium Injection 3,500 Units 16.05.2018 Rs. 3,000/=  + Taxes

Bids should be prepared as per particulars given in the Bidding Documents available to prospective bidders on working days between 0930 hours to 1500 hours at the Head Office of the State Pharmaceuticals Corporation of Sri Lanka, No. 75, Sir Baron Jayatillake Mawatha, Colombo 1. These could be purchased on cash payment of a non-refundable Bid Fee per set as mentioned above. Offers received without enclosing original payment receipt are liable to be rejected.

Wherever applicable potential bidder7bidders should get registered in terms of the Public Contract Act No. 3 of 1987 before collecting the Bidding Documents and also should get the contract registered after the tender is awarded.

All Bids may be sent by post under registered cover or may be personally deposited in the box available for this purpose at International Audit Department in the mezzanine floor of the State Pharmaceuticals Corporation at No. 75, Sir Baron Jayatillake Mawatha, Colombo 1, Sri Lanka.

Bids will be closed at the Head Office of the State Pharmaceuticals Corporation on the dates and time mentioned above and will be opened immediately thereafter. Bidders or their authorised representatives will be permitted to be present at the time of opening of Bids.
Bidding Documents are being sent to Sri Lanka Missions abroad and Foreign Missions in Sri Lanka also.

CAIRMAN DEPARTMENTAL PROCUREMENT COMMITTEE
STATE PHARMACEUTICALS CORPORATION OF SRI LANKA
75, SIR BARON JAYATILLAKE MAWATHA
COLOMBO 1
SRI LANKA.

FAX : 00 94-11-2344082
TELEPHONE : 00 94-11-2326227/94-11-2335374
E-MAIL : pharma.manager(at) spc.lk

 

SRILANKAN AIRLINES LTD PROCUREMENT NOTICE

SRILANKAN AIRLINES LTD

PROCUREMENT NOTICE

REFERENCE NO: 201830013

INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY OF PRE-CUPPED WATER FOR ON-BOARD USE

 

REFERENCE NO: 201830014

INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY Of BABY PACKS FOR ON-BOARD USE

 

REFERENCE NO: 201830015

INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY OF CUTLERY FOR BUSINESS CLASS SERVICE

 

REFERENCE NO: 201830016

INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY OF GARBAGE BAG - RED LOGO & BLUE LOGO FOR ON-BOARD USE

 

REFERENCE NO: 201830017

INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY OF GLASSWARE FOR ON-BOARD USE

 

REFERENCE NO: 201830164

INVITATION FOR SUBMISSION OF BIDS FOR SUPPLY OF MIXED NUTS TO COMPLEMENT BUSINESS CLASS BAR SERVICE

 

The bidding forms could be downloaded directly from the following link:

http://www.srilankan.com/en_uk/corporate/tender-notices

Bid closing date: 08th June 2018 at 10.00 am  Sri Lankan time (GMT + 5:30 Time Zone / CEST + 3:30 Time Zone).

 

Further information on those procurements could be obtained from the Commercial Procurement Executive (Commercial Procurement) of SriLankan Airlines Ltd via

Telephone:        +94(0) 197331845

Mobile:              +94(0) 710211845

E-mail:               tharaka.hindurangalage(at)srilankan.com

Bid Notice for Sale of Heavy Mineral Sands, Tender Ref. No: LMS/MKT/TDR/18/04

The Chairman of the Cabinet Appointed Tender Committee, on behalf of Lanka Mineral Sands Limited, invites sealed bids from Foreign Parties who are interested in buying ILMENITE available at the Factory in Pulmoddai of Sri Lanka. The Local Parties, who wish to purchase and export or add further value to the product could also submit their bids.

The Bidding Document, giving details of PRODUCTS and other RELEVANT details can be downloaded here.

Sri Lanka Investment & Business Conclave 2018: Prosperity through Partnerships 19th to 21st June 2018 – Colombo – Sri Lanka

The Ceylon Chamber of Commerce, in association with the Ministry of Foreign Affairs, Ministry of Development Strategies and International Trade, Ministry of Industry & Commerce, Board of Investment of Sri Lanka, Sri Lanka Export Development Board, the Department of Commerce and the Sri Lanka Convention Bureau (SLCB) will be organizing the “Sri Lanka Investment and Business Conclave 2018” from 19th to 21st June 2018 at the Cinnamon Grand Colombo, Sri Lanka.

Sri Lanka Investment and Business Conclave 2018 offers the perfect blend of opportunities aimed at enriching institutional, corporate and individual investors and business houses with a comprehensive set of guidelines for their investment decisions, and act as a networking opportunity for introductions to potential business partners with a view of establishing partnerships in Sri Lanka.

Focus Sectors of the this year’s Business Conclave are Agriculture, Apparels, Education, Export Manufacturing, Export Services, Infrastructure, Knowledge Services, Tourism and Leisure, Power & Energy and others.

The Business Conclave 2018 will be centred on an overall theme of “Prosperity through Partnerships and feature a two days event, B2B meetings and field visits on the final day. The Brochure of the Conclave can be downloaded here.

SriLankan Airlines would offer a 15 % discount on Economy Class and a 10 % discount on Business Class airfare to all participants and accompanying persons for purchase of tickets for registered delegates travelling to SriLankan Airlines online stations. The list of SriLankan Airlines online stations is available here.

 

Registration of Suppliers of Restricted Items of Defence Equipment and Ammunition for the calendar year 2018 (2)

Lanka Logistics and Technologies Ltd., (LLTL) is a fully state owned company which operates under the purview of the Ministry of Defence (MOD), Sri Lanka. LLTL provides Procurement Facilitation, Project Management, Research, Consultancy and ICT Services to Government entities. LLTL is in the process of registering suppliers for restricted items for the year 2018 to furnish requirement of the Armed Forces as well as its other line agencies in Sri Lanka.

Pre-requisite for registration of suppliers for restricted items is to submit the following duly filled documents to LLTL on or before 31 October 2017.

a. Non-Disclosure Agreement (NDA) – Annex A
b. Memorandum of Understanding (MOU) – Annex B
c. Application for the Registration of Foreign Suppliers for Restricted Items for Year 2018 – Annex C

The following documents will be helpful for the prospective suppliers to register with LLTL.

a. Restricted Item List for year 2018 – Annex D
b. Instructions to fill NDA and MOU – Annex E
c. Instructions to fill Application of Registration of Suppliers – Annex F

Any supplier who had signed NDA & MOU with LLTL valid till 31 December 2018 does not require to re-submit same. Such suppliers could submit only the “Application for the Registration of Foreign Suppliers for Restricted Items for Year 2018”.

Prospective suppliers are kindly requested to submit the above to the Chief Executive Officer, Lanka Logistics and Technologies Ltd., 4-205, BMICH, Bauddhaloka Mawatha Colombo 07, Sri Lanka. (E-mail: info(at)lltl.lk. SupplierReg(at)lltl.lk).

Annex A - F can be downloaded here.

 

Office Time

Office Days:            Monday - Friday

Consular Hours:         09:00 - 12:00
Office Hours:              09:00 - 17:00

Contact us

Address: 
Embassy and Permanent Mission of Sri Lanka
Weyringergasse 33, 4th floor
1040-Vienna
Austria
 
Telephone: +431/5037988
Fax: +431/5037993
Email: slmission@srilankaembassy.at



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