Trade Facilitation Needed for Sri Lanka's Food Security

9 May 2021

Sri Lanka needs regional and cross-border food trade facilitation to ensure food security, according to the latest report of the Central Bank of Sri Lanka.

The Central Bank report further stressed that Sri Lanka needs to improve warehousing and storage facilities, including cold storage. The country also needs to boost packaging and transportation services in the medium to long-term to reduce post-harvest losses, prevent food shortages, and maintain food inflation at subdued levels.

Sri Lanka is import dependent on several major food commodities, noted the Central Bank. It recommends promoting domestic production of several food items to ensure food security over the long-term.

The Central Bank also addressed the issue of significant crop losses caused by wild animals. It promoted taking a holistic and integrated approach in resolving human-wildlife conflict in an equitable and sustainable manner.

 

Related

Regional and cross-country food trading facilitation imperative for Sri Lanka’s food security

In a landmark move to enhance tourism cooperation between India and Nepal, the Indian Association of Tour Operators...

Read More


Reliance Power of India has signed a major agreement with Green Digital Private Limited, a Bhutan government-owned entity,...

Read More


The Adani Group of India and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark...

Read More


Mr. Deepak Khadka, Minister for Energy, Water Resources and Irrigation of the Government of Nepal, and Mr. Manohar...

Read More


The Governments of India and Nepal held their 21st Director-General Level Talks on Customs Cooperation in Kathmandu, Nepal,...

Read More


Thailand and Sri Lanka aim to expedite the implementation of the Thailand-Sri Lanka Free Trade Agreement (FTA), signed...

Read More


The Governments of Bhutan and Thailand have signed a landmark Free Trade Agreement (FTA) that aims to deepen...

Read More