The Cabinet of Ministers has approved the proposal presented by Minister of Trade to import 6,000 metric tons of Basmati rice annually under the provision of the Pakistan-Sri Lanka Free Trade Agreement (FTA) and to allow only the Sri Lanka State Trading Corporation (STC) and Cooperative Wholesale Establishment (CWE) to import rice under this agreement.
Earlier, the private sector was also allowed to import Basmati rice under this agreement. However, the permission given to private sector has been revoked due to complaints that were received regarding various irregularities in the importation of rice.
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Source From biz.adaderana
Author: Isma Izzath
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