Sri Lanka reduce natural rubber export tax

2016-05-25 05:50:14 Global Excel Tyres Co.,ltd Read

The Sri Lankan government will be born film export tax from 15 rupees / kg to 4 rupees / kg, in order to enhance the competitiveness of its exporters and Sri Lanka between domestic rubber industry.

Sri Lanka Department spokesman Gayantha Karunatllake said the country's natural rubber production for about 80% of its domestic consumption, surplus for export.

Raw Stock levy Rs 15 / kg export tax is to stimulate the development of the country's domestic natural rubber processing industry. However, the global rubber prices fell, along with Sri Lanka domestic rubber prices dropping, the rubber plantations and small plantation owners are struggling.

Therefore, the approval of the Minister of the Cabinet, the Ministry of Plantation Industries Minister Navin Dissanayake proposal, by increasing competition in the domestic natural rubber in Sri Lanka between the processors and exporters to improve Jiaojia played growers relief purposes.

Natural rubber prices are expected in 2020 will remain low volatility.