SL Customs Hits Record LKR 24 Bn 📈; Focus on Free Ports & Visa Policy

• Sri Lanka Customs achieved its highest-ever single-day revenue in its history, collecting over LKR 24 Billion (Bn). • This achievement highlights the revenue potential of SL's ports, which must now compete with advanced global free trade zones (e.g., Jebel Ali, Singapore) in the Indian Ocean. • To attract investors, Sri Lanka must counter the risk perception of being an "anti-investor location" by ensuring clear laws, simplified taxes, and stable infrastructure. • The tourism sector needs to be viewed as a priority, ensuring SL is perceived as a "friendly, safe, & economical" destination. • International Policy Lesson (China): China's free visa facility recorded 7.24 million visits in Q3 2025 (72% of entries), marking an approx. 48% YoY increase. • Competitive Port Example (Hainan, China): The Hainan Free Trade Port (Hainan FTP) is a major competitor, set to launch special customs operations on Dec 18, 2025. It offers zero tariffs on approx. 6600 items (raw materials/equipment) and a preferential 15% Corporate Income Tax rate for ~1100 key industries. Hainan FTP registered over 1300 foreign investors during Q1 & Q2 of 2025.