Over the past 16 months, the Parliament has enacted 42 new laws to facilitate the country’s economic transformation. An additional 62 laws will have to be passed through Parliament

These proposed laws are being devised covering areas such as public finance, procurement, public-private partnerships, state enterprises, and off shore economic activities.

In this context the government will take a major stride towards enacting the Economic Transformation bill in parliament soon after gazetting it this week most possibly with a view to transform and advance Sri Lanka to a modern, robust economy.

The new legislation will ensure that all government policies focus on the transformation to a highly competitive export-oriented economy, he pointed out.