Ban on vehicle imports to continue till end of 2021
2021-02-23 at 17:30
The government today informed Parliament that the decision to suspend vehicle imports will be effective till the end of 2021.
State Minister of Finance Ajith Nivard Cabraal speaking in Parliament today said the situation at the end of the year will be assessed prior to reaching a decision.
The State Minister was responding to a statement by Leader of the Opposition Sajith Premadasa pertaining to motor vehicle importation.
MP Premadasa said the decision was taken arbitrarily due to the governments poor economic management to stabilise the rupee.
MP Premadasa said businessmen with letters of credit to import vehicles are now unable to use the facility due to the ban imposed by the government.
He said many salesmen and individuals in the trade are faced with difficulties due to poor economic management policies of the government.
The State Minister said the ban will continue to remain in place as the supply of vehicles exists.