Impact the Ban of Sri Lanka Fishery Product Exports to Europe

The European Commission has stated that the ban on the purchase of fishery products from Sri Lanka imposed since the island had failed to take necessary steps to halt the fishing while violating maritime boundaries and several conditions imposed by the European Union.

Sri Lanka has export around 1,500 tonnes of Sri Lanka fishery products to Europe and it is about 50% of total fishery exports from Sri Lanka.

The ban cause to loss of USD 200 Million to the country and many fishery exports companies faced to closing down.

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