Japan grants 500 million yen for Sri Lanka’s phytosanitary certification
Economynext: Japan has granted a 500 million yen (Rs. 800 million) for the betterment and modernization of the phytosanitary certification in Sri Lanka to expedite the ability to export perishable plant commodities, the Finance Ministry said.
The aid is expected to help the international movement of healthy plants and plant products for the development of national agriculture and related industries and strengthen exportation as well as inspection of imports, the Ministry said.
“It expects to upgrade the phytosanitary certification facility through fulfilling the requirements for precise pest diagnosis at country’s entry and exit points to strengthen the export certification as well as
for inspection of imports,” the Finance Ministry said on Monday (4).
The deal was signed by S. R. Attygalle, Secretary, Ministry of Finance on behalf of the government before he resigned and Japanese Ambassador to Sri Lanka Mizukoshi Hideaki.
Phytosanitary certificates are documents issued for consignments of plants and natural products to meet the outlined and specific import conditions.
Sri Lanka’s manufacturing and exports sectors have shown a steady growth despite pandemic challenges as well as other economic challenges. The country’s ongoing development programme and the many trade agreements as well as concessions enjoyed by the country have helped boost Sri Lanka’s manufacturing and exports sectors. While there is a continuous growth in business/investment opportunities in Sri Lanka’s manufacturing and exports sectors, there are also opportunities in the development of supplementary infrastructure facilities in these two sectors. With foreign funding flowing into the development of supplementary infrastructure facilities for the country’s exports sector, foreign businesses could explore the opportunities in this area.
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