ADB and WB assess Lanka's investment climate

DESPITE gains in reducing corruption and red tape, Sri Lanka's investment climate remains unattractive due to continued political instability, weak infrastructure and poor access to finance, says a recently completed study by the Asian Development Bank [ADB] and the World Bank.

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Zero duty for 7200 lankan products under GSP +

THE GSP Plus Incentive Scheme will enter into force on a provisional basis on July 1, 2005 and will remain unchanged until the end of 2008 the Commerce Department said. The scheme will cover around 7200 Sri Lankan products which can enter the EU duty free.

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