IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Jun 2013 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 13 June 2013, the Sri Lankan cabinet of ministers decided to curtail foreign investments in sectors where locals have sufficient competence. Specifically, foreign investments are banned in small-scale agricultural industries, retail trade, manufacturing of steel and cement and beauty-care related products. 

The ban will not extend to projects that have been already cleared by the country's investmnent promotion authorities.
 

AFFECTED COUNTRIES

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