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Sri Lanka Lifts Import Restrictions on Motor Vehicles Effective October 1, 2024
In a significant move, the government has announced the lifting of the temporary suspension on motor vehicle imports, effective October 1, 2024. This decision comes after over four years of stringent import restrictions that were initially imposed to safeguard the country’s foreign exchange reserves during the economic crisis.

The import ban, introduced in March 2020, was aimed at curbing the outflow of foreign exchange amidst the country’s deepening economic troubles. With this ban now lifted, Sri Lanka will begin importing motor vehicles again, starting in stages, as part of a broader economic recovery strategy tied to the Extended Fund Facility (EFF) Programme of the International Monetary Fund (IMF).
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