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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
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» Sri Lanka plans to allow tourists from August, no mandatory quarantine
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» Dividend Announcements
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» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
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» SAMP.N0000 (Sampath Bank PLC)
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» APLA.N0000 (ACL Plastics PLC)
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» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
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» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
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» KFP.N0000(Keels Food Products PLC)
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
EU ban on Sri Lankan fish exports completely lifted  EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
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2 posters

    EU ban on Sri Lankan fish exports completely lifted

    avatar
    CSE.SAS


    Posts : 263
    Join date : 2014-02-23

    EU ban on Sri Lankan fish exports completely lifted  Empty EU ban on Sri Lankan fish exports completely lifted

    Post by CSE.SAS Thu Jun 16, 2016 10:48 pm

    The European Union (EU) has completely lifted the ban on fisheries exports from Sri Lanka, the Government Information Department said today.

    Prior to the ban imposed in January 2015, the EU accounted for nearly one-third of Sri Lanka’s fish exports in terms of volume and about 40 per cent of the exports in terms of revenue Against the total fish export earnings of $ 267 million that year, Sri Lanka got $ 108 million from the Europe.

    The ban was imposed on the ground that Sri Lanka indulged in “illegal, unreported and unregulated fishing.”

    The EU Commission’s recommendation to revoke the ban had been forwarded to the EU Council in April and this was expected to come into legal effect by July.

    In the run-up to the EU’s decision, the Sri Lanka government took a number of steps to have the ban lifted. Rules and regulations were introduced in tune with international norms and new regulations framed for high seas fishing. A national plan was prepared to counter illegal, unreported and unregulated (IUU) fishing.

    Though the EU had decided to impose ban in October 2014, it implemented the decision three months later.

    - See more at: http://adaderana.lk/news/35701/-eu-ban-on-sri-lankan-fish-exports-completely-lifted#sthash.UCXuLTZL.dpuf
    avatar
    hariesha
    Top contributor
    Top contributor


    Posts : 1329
    Join date : 2014-04-09

    EU ban on Sri Lankan fish exports completely lifted  Empty European Union completely lifts ban on import of Sri Lanka seafood

    Post by hariesha Fri Jun 17, 2016 7:38 am

    http://www.ft.lk/article/548996/European-Union-completely-lifts-ban-on-import-of-Sri-Lanka-seafood

    The European Union (EU) has completely lifted the ban on fisheries exports from Sri Lanka, the Government Information Department said yesterday.Sri Lanka was one of the biggest exporters to the EU of high value fishery products such as fresh and chilled swordfish, tuna and tuna-like species.

    Seafood exports were severely hit by the ban and continued to decline since the announcement of the ban in October 2014. In the year 2015, Sri Lanka’s seafood exports declined 35.5% to US$ 163.1 million compared to $ 252.7 million earned in 2014. Sri Lanka’s fish exports to the EU make up 68% of its total fish exports.

    Sri Lanka was the second biggest exporter of fresh and chilled swordfish and tuna to the EU with euro 74 million ($ 81 million) of imports in 2013.

    unregulated (IUU) fishing.

    The EU, in January 2015, imposed a ban on Sri Lanka’s fish exports to European countries, which was the major export market for Sri Lanka, as a result of engaging in Illegal, Unreported and Unregulated (IUU) fishing activities.

    The EU Commission’s recommendation to revoke was forwarded to the EU Council in April and the EU Parliament has approved it this week. - See more at: http://www.ft.lk/article/548996/European-Union-completely-lifts-ban-on-import-of-Sri-Lanka-seafood#sthash.KHw6x9lr.dpuf

      Current date/time is Wed Jun 19, 2024 7:18 pm