basic issues in imports and exports22

8/9/2019 Basic Issues in Imports and Exports22

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BASIC ISSUES IN IMPORTSBASIC ISSUES IN IMPORTSAND EXPORTSAND EXPORTS

Presented by :-Group No 2

Abeykoon A.M.C.W. (Ru/E/2008/003)

Abeykoon A.J.M.S.S. (Ru/E/2008/004)

Abeykoon B.M.C.S. (Ru/E/2008/005)Abeynayake A.M.C.A.(Ru/E/2008/006)

Anthony C.S.K.R. (Ru/E/2008/009)


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What is import?

Is any good or service brought in from one country to

another.

Goods & services are provided domestic consumers

by foreign producers.

Import & export are the basis of international trade

Balance of trade represent a difference in value for

import & export for a country.

Involves custom authorities of both countries.


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Basic types ofimport

Industrial &consumer goods.

Intermediategoods andservices


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There are 3 broad type ofimporters

Looking for anyproduct around

the world to

import & sell

Looking forforeign sourcing

to get theirproducts at the

cheapest price

Using foreignsourcing as partof their global

supply chain.


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What is export?y

Is any good or commodity transported from onecountry to another.

y Goods and services are provided to foreign

consumers by domestic producers.

y Involves custom authorities of both countries.

Methods of exporting,

By, mailing.

Hand delivering.

Shipping by air, boat.

Upload to an internet site.

Download from an internet site.etc


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Ways ofexporting

Direct selling

Throughdistributors

Through foreignretailers & end

users.

Over theinternet.

Indirect selling


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country export import

Germany Motor vehicle trailers Raw materials

Korea Ships, auto mobile,

steel

Jewelry, watches &

glasses

Japan Raw materials,

transport equipments

cars

China Coal car

Indonesia rice Raw & processed

materials

Philippines Agricultural products Oil

Singapore Electrical products oilThailand rice Oil, gas

Malaysia Agricultural products Palm oil

Brunei Oil, gas Machinery & transport

equipments, foods,

chemicals


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CURRENT SITUATION OF EXPORTSCURRENT SITUATION OF EXPORTS

& IMPORTS& IMPORTS

Exports ($8.1 billions (2008 est.))

Main partners :

o United States 25.5%

o United Kingdom 13.2%

o India 6.7%o Germany 5.7%

o Italy 5.1%


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exports :exports :

Teaindustry:

Appareland textileindustry :

The tea industry is one of the main foreignexchange gaining industry in Sri Lanka alsobecame one of the world's leading e

exporter.

The apparel industry of the country whichproducing high quality ready made wears.

The main exporters are USA and Europe.

There are about 900 factories throughoutcountry serves worlds leading fashiondesigning companies.


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Agriculture : y The agricultural sector of the countrywhich producing domestic consumption

such as rice, coconut and grain.

Imports ($14.05 billions(2008 est.))

Main Partners :

o India 23.1%

o

Singapore 9.9%o China 8.2%

o Iran 7.5%

o Hong Kong 6.4%


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Imports :Imports :

Foods &

drugs:

Vehicles and

machines :

Petroleum

products :

Sri Lanka imports a variety of foods,

including potatoes, orange and Apples

from the United States and Australia are

also imported.

Dominant countries Which Sri lanka

imports vehicles are India ,Japan ,Korea

,China.

Sri lanka government expends more than

$1.7 billions per year for imports of

petroleum products.


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EXPORTEXPORT PROCEDUREPROCEDURE

OF SRI LANKAOF SRI LANKA

Sri Lanka Export Development Board

Inland Revenue Department

Sri Lanka Customs

To register with the above institutions the exporter

is required to produce the original

Business Registration Certificate or Certificate of

Incorporation.


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PRODUCTPRODUCT WISE REGISTRATIONWISE REGISTRATION

y Tea

Sri Lanka Tea Board Registration fee is Rs.10,000/-and annual renewal charge is Rs.1000/-

y Coconuts & Coconuts Products

The exporters of coconut products should be registeredwith the Coconut Development Authority (CDA).Theregistration fees are as follows:

* Kernel products - Rs.3000/-

(copra, desiccated coconut, coconut oil, coconut milk

etc.)* Coconut shell products - Rs.1000/-

* Coconut fiber products - Rs. 1000/-


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y Gems & Jewellery

The exporters of Gems & Jewellery shouldbe registered with the National Gems &Jewellery Authority .In addition to annualregistration all exporters of gems must

obtain gem dealersy Textiles & Readymade Garments

All exporters of garments should beregistered with the Ministry of Textile

Industry Development. All enterprisesregistered under BOI law should beregistered with the BOI. license. A licensefee should also be paid.


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PRODUCTS UNDER LICENCE

CONTROL Coral chanks conch shells other than chanks -

Ministry of Fisheries and Aquatic Resources

Development Wood including logs & Sawntimber-

Department of Forest

Article of Wood (ebony)- National CraftsCouncil and Department of Forest


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PRODUCTS PROHIBITED

OR RESTRICTED FOREXPORTS

Dangerous drugs

Explosives Live Fish

Minerals in raw form

Obscene publications and literature Protected Plants

Antiquities/Cultural Property


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Problems of Imports & Exports InProblems of Imports & Exports In

srilankasrilanka

y ENVIRONMENTAL PROBLEMS

y POLITICAL PROBLEMS

y CULTURAL PROBLEMS


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y ENVIRONMENTAL PROBLEMS

Lack of resources.

Tsunami

Damage harbors.

Destroyed beautiful beaches.

Tornadoes and monsoons.

Destroyed ships and planes.


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CONTINUECONTINUE

y

POLITICAL PROBL

EMS

Illegal import and export.

Civil war (in past ).

High tax rates.

Some rules and regulation in government.

Following Services areAvailable

Import Export Code Number (IE Code).

Membership with Export promotion council.

Export documentation.

Import License.


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CULTURAL PROBLEMSoDue to srilankan culture.

CONTINUECONTINUE


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Solutions!!!Solutions!!!

y Protect natural resources.

y Improving infrastructure facilities.

y Developing the commercial connections with countries.

y Increase the security around the coastal area.

y Demand the productions.

y Export high quality goods.

y Controlling import & export.

y Banned unauthorized goods.


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Thank youThank you

basic issues in imports and exports22

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