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Article: SRI LANKA RECENT POLICY HAS CRIPPLED DOMESTIC INDUSTRY: OPPOSITION.
- Article from:
- AsiaPulse News
- Article date:
- November 10, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLOMBO, Nov 10 Asia Pulse - Sri Lanka's current economic framework has crippled domestic industry and protectionist taxes announced in the 2009 budget are contradictory and are aimed simply at raising revenue, the island's main opposition has charged.
Though the Mahinda Chinthana economic framework pays lip service to domestic industry, while undermining their competitive strengths, opposition United National Party lawmaker Kabir Hashim told reporters.
"Though the administrations claims to be for domestic industry its policies over the past four years has systematically made local industries uncompetitive by pushing up inflation much higher than ...