As of August 10, 2025, 1 US dollar exchanges for 300.71 Sri Lankan rupees, indicating stability in the currency market according to recent data. Over the past 30 days, the exchange rate has fluctuated by about 2 rupees, showcasing a trend of market steadiness. It is crucial to monitor how changes in the exchange rate impact economic activities and consumer decisions.
US Trade Representative Katherine Tai outlined a new trade strategy towards China, emphasizing a worker-centric approach. This involves evaluating the Phase One agreement, initiating a tariff exclusion process, and addressing deeper structural issues to rebuild American competitiveness. Industry observers suggest the policy's impact requires further observation, and businesses should remain flexible in their response. The strategy aims to reshape the US's competitive edge in the global market while addressing concerns about fair trade practices with China.
SriLankan Airlines has launched daily direct flights from Colombo to Melbourne, aiming to facilitate global travel, particularly for Australian, New Zealand, and Sri Lankan expatriates. This move strengthens Colombo's position as a regional aviation hub, leveraging SriLankan Airlines' extensive Asian route network to offer passengers more diverse travel options and quality service. It signals a transformation in the regional aviation landscape, providing increased connectivity and convenience for travelers between Asia and Australia.
Recent data shows that 5,000 USD can be exchanged for 1,503,573.17 LKR, with the current exchange rate standing at 1 USD to 300.715 LKR. This rate has experienced significant fluctuations over the past 30 and 90 days. Investors should closely monitor economic conditions and policy changes to make informed decisions.
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The General Administration of Customs recently announced reforms to the customs declaration process, introducing a new 'Trade Country (Region)' indicator. This change aims to enhance the accuracy of customs declarations and reflect the true state of international trade, in line with the developments of economic globalization. The indicator will streamline the customs clearance process, improve efficiency, and assist businesses in conducting more effective global trade.
This article discusses the importance of optimizing global trade and supply chains to minimize environmental impact. Currently, all stakeholders must share the responsibility of promoting logistics decarbonization for sustainable development. The article summarizes relevant research and trends, highlighting the need for coordinated efforts to ensure that logistics systems are both efficient and eco-friendly, ultimately benefiting future society.
The ATA Carnet is an international customs document that allows goods to be temporarily imported tax-free and duty-free for up to one year. It simplifies customs procedures and is applicable to a variety of items such as exhibitions and professional equipment.
This article explores how customs and related departments can enhance collaboration and efficiency through the Trade Facilitation Agreement and the Revised Kyoto Convention, promoting smooth international trade and reducing cargo clearance times.
This article introduces several tools and services provided by the World Customs Organization (WCO), including trade tools, a publication store, customs enforcement networks, an online learning platform, and a single window interactive map. These resources aim to promote the standardization and efficiency of international trade, enhance the capabilities of customs professionals, and ultimately contribute to the sustainable development of the global economy.
