Seminar on Competition Policy & Law: Strengthening Sri Lanka’s Economic Reforms 📈

• The Event: JICA, the World Bank, and the Presidential Secretariat convened over 70 policymakers and private sector leaders in Colombo to discuss a modern competition framework for Sri Lanka. • Core Objectives: The seminar focused on how fair competition can drive export growth, prevent monopolies, and enhance digital transformation and consumer choice. • Strategic Reforms: Senior Additional Secretary to the President highlighted ongoing measures to improve the business climate for SMEs, including: • An e-procurement platform. • Tariff reforms. • The National Single Window. • International Expertise: The Japan Fair Trade Commission (JFTC) shared insights from Japan’s experience in strict enforcement and the liberalization of the electricity market. • Key Economic Impact: JICA emphasized that competition policy is a vital pillar for recovery. Strengthening domestic industries will improve their global competitiveness and ensure long-term resilience. • Future Path: Experts concluded that success requires comprehensive legislation, a coherent policy, stronger enforcement capacity, and active engagement from the private sector and civil society.