Facebook Pixel Customs' AEO traders clear cargo 22 hours faster: Study | Daily FT - newspaper - इस कहानी को Magzter.com पर पढ़ें

कोशिश गोल्ड - मुक्त

Customs' AEO traders clear cargo 22 hours faster: Study

Daily FT

|

June 26, 2026

Customs report shows AEO-certified traders record median cargo release time of 30 hours vs. 53 hours for non-AEO traders; Finance Ministry says risk-based controls support faster cargo release, effective border controls; Digital queue management system seen improving container movement, examination yard efficiency; Considerable time elapses between Customs release and cargo exiting port; Closer coordination among border agencies needed to further improve cargo release times

BUSINESSES certified under Sri Lanka Customs’ Authorised Economic Operator (AEO) Program are clearing cargo around 22 hours faster than non-certified traders, according to the country’s first fully digital Time Release Study (TRS), with the Finance Ministry saying the findings underscore the benefits of risk-based trade facilitation while highlighting further opportunities to streamline cargo clearance.

The Finance, Planning and Economic Development Ministry said the 2025 study was conducted in accordance with the World Customs Organisation’s methodology, with technical assistance from the Asian Development Bank (ADB) under its Policy-Based Lending program for Sri Lanka.

It described the exercise as the first TRS in Sri Lanka to be carried out entirely using electronic data extracted from the Automated System for Customs Data (ASYCUDA) system, reflecting progress in digitalisation and data-driven performance management at Sri Lanka Customs.

Daily FT

यह कहानी Daily FT के June 26, 2026 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

Daily FT से और कहानियाँ

Daily FT

CSE up 0.21% during week

THE Colombo stock market ended yesterday in green with the ASPI gaining 0.21% and the S&P SL20 up 0.51% during a week characterised by cautious investor sentiment.

time to read

1 mins

June 27, 2026

Daily FT

Daily FT

President targets $ 6 b export boost from coconut, food, rubber and tea

■ Pledges incentives, export reforms and Northern investments, including coconut-based manufacturing ■ Stresses boosting net export earnings by narrowing the gap between import costs and export income ■ Rubber industry seeks expansion of cultivation to address raw material shortages ■ Tea exporters cite ME tensions, higher shipping costs and Iran payment issues as key challenges ■ Exporters urge faster VAT refunds, citing delays and trade bottlenecks

time to read

2 mins

June 27, 2026

Daily FT

Daily FT

India’s Zydus and Sunshine Healthcare in $ 20 m pharmaceutical manufacturing JV in Sri Lanka

ZYDUS Lifesciences and Sunshine Healthcare yesterday announced the setting up of a strategic joint venture company, Zydus Sunshine Lifesciences Ltd., with an investment commitment of over $ 20 million to establish a pharmaceutical manufacturing facility in Sri Lanka, strengthening local production and reducing import dependence.

time to read

1 mins

June 27, 2026

Daily FT

Daily FT

June tourist arrivals down 7.5% YoY; crosses 1.11 m visitors YTD

■ 95,747 arrivals in 1-24 June, down from 103,562 year ago ■ YTD arrivals down 1.4% YoY to 1.11 m ■ India tops arrivals during the first 24 days of June with 35,370 visitors, but arrivals decline 25% MoM ■ India continues to lead YTD arrivals with 285,630 visitors, followed by the UK and Russia

time to read

1 mins

June 27, 2026

Daily FT

ADB approves $ 57.4m for rooftop solar and virtual net metering

■ Initiative to boost clean energy access in Sri Lanka

time to read

1 mins

June 27, 2026

Daily FT

Daily FT

Govt. unveils fiscal roadmap, defends tax reforms

■ Tables Fiscal Strategy Statement under Public Financial Management Act ■ Outlines 2027 fiscal strategy, revenue plans, expenditure targets and fiscal risk assessment ■ Minister Dr. Anil Jayantha rejects claims that new VAT measures impose fresh taxes on SMEs ■ Clarifies digital tax amendments target non-resident service providers to ensure equal treatment

time to read

3 mins

June 27, 2026

Daily FT

NSO to remotely control rooftop solar systems via modems

■ Govt. asks rooftop solar to switch off this long weekend

time to read

1 min

June 27, 2026

Daily FT

Sri Lanka scores major sports tourism boost

MARKING a significant step in Sri Lanka’s national initiative to establish itself as a leading international sports tourism destination, a special media briefing was held yesterday at the Duncan White Auditorium of the Ministry of Sports in Colombo 07 to announce a historic international rugby festival and series scheduled for August.

time to read

1 mins

June 27, 2026

Daily FT

Daily FT

The slow train to the more sustainable fast track is back

THERE are railways. And then there are railways that carry the spirit and the imagination of a nation.

time to read

7 mins

June 27, 2026

Daily FT

Royal ends League campaign with 33-17 win over Wesley

ROYAL College signed off their Dialog Schools Under-19 Rugby League 2026 campaign with a convincing 33-17 victory over Wesley College in their Cup Segment Super Round encounter played at Havelock Park yesterday.

time to read

1 mins

June 27, 2026

Listen

Translate

Share

-
+

Change font size