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

The India-Bhutan energy partnership reached a major milestone with the operationalization of the fifth unit of the 1,020...

Read More


The Government of Bangladesh has launched a fully automated trade clearance system, making the submission and issuance of...

Read More


Assam and Bhutan have pledged to strengthen their bilateral tourism ties by collaborating on smoother and more accessible...

Read More


The new Gelephu Integrated Check Post (ICP) in Bhutan, which will play a key role in the Gelephu...

Read More


Nepal began its regular export of electricity to Bangladesh, by sending 40 megawatts (MW) of electricity through India's...

Read More


The Government of India will extend its subsidy for the ferry service between Nagapattinam (India) and Kankesanthurai (Sri...

Read More


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

Read More