All legal impediments which had been in existence in carrying out commercial exports to the international community via ecommerce were removed with effect from 6th this month (July).
This has enabled Sri Lanka to obtain billions of US dollars as export revenue. ICT Agency of Sri Lanka (ICTA) Programme Director and Legal Advisor Jayantha Fernando said that this was because the UN ecommunication convention had provided to Sri Lanka the privilege of decisively carrying out international exports online without any legal impediment.
Fernando said that Sri Lanka was the first country in the history of South Asia that had received this privilege. Sri Lanka was able to be given this opportunity because the state of Sri Lanka’s electronic transaction law was at a high level as well as in accordance with the UN electronic communication convention.
Earlier on there was ambiguity as to the law under which online commercial exports should be carried out. As a result of this, for a long time there were many complex legal matters with regard to commercial exports from Sri Lanka. This complex state of affairs was a threat to online export. It also led to a standstill of millions of US dollars that should accrue to Sri Lanka as export revenue.