India to Diplomatically Approach Sri Lanka Over Import Tariff Rates
Sri Lanka recently increased the duties and tariffs on imported vehicle in the country by close to 100 per cent, which has adversely affected the vehicle exports in India. The Ministry of Commerce and SIAM are both concerned by this and are mulling over ways to approach the Sri Lankan government.
Wajeeh
Published On Dec 14, 2012 12:36 IST
Published OnDec 14, 2012 12:34 IST
Last Updated OnDec 14, 2012 12:36 IST
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Officials in the Ministry of Commerce say there are several options being considered with one of them being to approach the government in a purely diplomatic manner and request them to lower the import tariffs. The official also expressed concern regarding the percent rise in tariff and how it would affect India's exports. SIAM officials also held a meeting in this regard where they stated that $800 million worth of vehicle had been exported to Sri Lanka last year, a number that has gone down drastically due to this rise in tariff rates. The officials also mentioned that SIAM had plans to host an Auto Expo in the country, which has now been postponed in light of the situation.
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Raised in the Middle East, Wajeeh Khan spent most of his life in Doha, Qatar where he was originally educated in the field of communications and networking. He spent five years working and garnering experience in various fields including administration, insurance, sales and construction. However, Wajeeh has always had a deep seated passion for automotive writing, which has brought him back to his roots in India and although a fresher in the field, he is an obsessive enthusiast with an extreme and inquisitive nature and has his bases on the hows and whys of the functioning of a car, all covered.</p>
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Armed with exceptional knowledge on the workings of the English language and his obsession for cars, he hopes to make a name for himself in the field of automotive journalism.</p>
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