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Sri Lanka industry should look outward, integrate with the region: Deputy Minister

ECONOMYNEXT – Sri Lanka has to integrate with the region and look outward to grow, Deputy Industries Minister Chathuranga Abeysinghe said in a post-budget forum with Deloitte, in partnership with Echelon Magazine. One of the measures announced in the budget was to phase out so-called para-tariffs, which mushroomed after a 25-page gazette put up trade barriers in November 2004, after money printing led to currency depreciation and high inflation. “Now, for us, a small country to grow, the most important thing is how far you integrate with the regional economy,” Deputy Minister Minister Abeysinghe said. “Now, if you really take Sri…

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