The Hon. Rathna Gamage - Deputy Minister of Fisheries, Aquatic and Ocean Resources

¶ 01 Hon. Deputy Chairperson of Committees, as we consider Regulations and Resolutions under the Imports and Exports (Control) Act, let me outline why these are presented. Since assuming office, we have debated these matters multiple times—on rice, salt, food security. Contrary to claims, we have studied these thoroughly. The Food Policy and Security Committee made recommendations and, under the oversight of the Committee on Public Finance, we now bring these amendments.

¶ 02 This is a Government with a vision and a plan: to build a production economy, ensure its benefits are shared fairly, and secure people’s participation. In agriculture, industry, tourism and broader production, we have moved upward under our administration. Tourism earnings rose from US$2,070 million (2023) to US$3,170 million (2024) and US$3,220 million (2025), albeit moderated by the Divva cyclone. Workers’ remittances increased from US$3,789 million (2022) to US$5,970 million (2023), US$6,570 million (2024) and US$8,070 million (2025).

¶ 03 From early 2026, following the cyclone, the worsening Middle East conflict has impacted our economy—as it has others’. The President has clearly said this external shock has put pressure on the rupee. According to the Central Bank Governor, regional currencies have also depreciated this year: Indian rupee by 6.4 percent, Nepal rupee 6.2, Indonesian rupiah 5.2, Sri Lankan rupee 4.8, Philippine peso 4.7, Thai baht 4.0, among others.

¶ 04 How are we responding? First, the State has borne the initial shock. We reduced Government fuel quotas, cut back perks—recall we abolished pensions of former Presidents and MPs upon taking office, establishing a new political culture. In previous eras, people were told to “tighten belts”; today, the leadership has done so first. This is exemplary governance aimed at steering the country correctly.

¶ 05 Some are pained to see the President in Batticaloa yesterday opening a library and engaging with all communities. This Government and its President are respected by Sinhalese, Tamils and Muslims alike. We will continue on this path of inclusive, disciplined administration while implementing the necessary trade regulations to safeguard food security, support production, and stabilize the economy.