Overseas Trade: Sri Lanka
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to increase the volume of trade between the United Kingdom and Sri Lanka.
Answered by Mr Douglas Alexander
The Government uses a range of programmes and levers to increase the volume of trade between UK and Sri Lanka. These include the Developing Countries Trading Scheme (DCTS), which cuts tariffs and simplifies trading rules for Sri Lankan exporters. The Government also works in Sri Lanka to promote UK trade, investment, trade policy objectives and export finance overseas. This is spearheaded by His Majesty’s Trade Commissioner (HMTC) to South Asia.
These are complemented by regular Government-to-Government engagement, including the annual UK-Sri Lanka Strategic Dialogue, one of the official mechanisms for discussion of trade-related issues and promoting areas of mutual interest.
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