Ban on Imports & Re-exports of  Cinnamon in Srilanka .

Ban on Imports & Re-exports of Cinnamon in Srilanka .

According to  records  in the  Ministry of small industries  and customs four  containers  filled with  cinnamon  were imported into the  country and reexported  to Madagasgar in the year 2016 . This act badly affect Srilanka’s trade in the  World Market  and reexport is  done under the pretext of sending  Srilankan  cinnamon.
Srilanka has obtained 132 million dollars by exporting cinnamon in last few years. Cinnamon is fetching the highest price among perfume items.
Having considered above facts, the Srilankan Cabinet has decided to ban import and export of cinnamon to other countries from Srilanka .