Public Seminar

A one day Seminar on 'UCP600 from Sri Lankan Perspective', organized by the Trade Finance Association of Bankers held on 26th May 2007 at Ceylon Continental Hotel was a great success, with the participation of over 200 bankers, importers and exporters. Almost each and every commercial bank operating in Sri Lanka was represented. It was a good opportunity for the participants to listen to experienced senior bankers. The speakers were Messrs. A. Kathiravelupilai, Parama Dharmawardene, Michael Peiris, Nilam Jumat and Chatura Rudesh. They explained all 39 Articles of the 2007 Revision of Uniform Customs & Practice, ICC Publication No. 600. The panel discussion which followed was very interactive and many participants actively contributed by bringing up numerous technical issues. The panellists comprehensively answered all issues raised by the participants. The feedback received from the participants was very encouraging and some of the participants requested more frequent events of longer duration.

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WTO halves trade growth forecast for 2023

The World Trade Organization (WTO) has halved its growth forecast for global goods trade this year, dropping it to 0.8% from 1.7%. "The trade slowdown appears to be broad-based, involving a large number of countries and a wide array of goods, specifically certain categories of manufactures such as iron and steel, office and telecom equipment, textiles, and clothing," the WTO says in its updated Global Trade Outlook for October 2023.

World's first carbon border tax enters into force in EU

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World Trade Report 2023 makes case for “re-globalization” amid early signs of fragmentation

The 2023 edition of the WTO’s World Trade Report presents new evidence of the benefits of broader, more inclusive economic integration as early indications of trade fragmentation threaten to unwind growth and development. The flagship publication, launched on 12 September, features findings on how re-globalization — or increased international cooperation and broader integration — can support security, inclusiveness, and environmental sustainability.

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