POLICIES AND NORMS OF SRI LANKA FOR TEA INDUSTRY FOR IMPORT/EXPORT INCLUDING LICENSING, PERMISSION & TAXATION
The tea sector in Sri Lanka has always been an important component of her economy. It is also the country 's largest employer providing employment both, directly and indirectly to over one million people. It also contributes a significant amount to Government revenue as well as to the gross domestic product.
Sri Lanka as the 3rd biggest tea producing country generating US$673 million in 2000. It also contributes to political, economic, and social stability by providing a livelihood for many of Sri Lanka’s rural dwellers, especially women. Sri Lanka has 9% production share in the international sphere, and one of the
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• good supporting infrastructure- Plantations in Sri Lanka, a small island, have easy access to Colombo via a network of all weather roads, in contrast to other countries where tea is grown far inland and must be hauled long distances to ports,
• worldwide reputation- The industry has explored the possibility of expanding Colombo as a regional service provider (a “tea hub”), importing teas from other origins, then adding value by blending, packaging, and reshipping., the presence of research and development (R&D) institutes, and knowledge of current markets
Weaknesses:
• Most Sri Lankan exporters focus on bulk tea and compete on the basis of price, rather than product development, innovation, or specialization. They rely heavily on distributors in the overseas markets served.
• In addition, local investment capital is scarce and interest rates for traditional bank loans are prohibitively high.
Opportunities:
• There is a growing interest in tea as a natural and healthful beverage
• There is the willingness of some consumers to pay for a differentiated product
• Sri Lankan companies have gotten closer to the consumer, captured additional value, and have begun escaping vulnerability to price pressure.
Threats:
• Sri Lankan tea industry is vulnerable to price pressure
• The scope of services offered to distributor-owned brands is inadequate
• The Sri Lankan tea industry has
“This was the routine of the old China trade. These were the commodities traditionally brought to China and traditionally carried away. And at the heart of the trade was tea. It came from no other place. India did not then produce any, nor Ceylon, Java, or Formosa; Japan was inaccessible; the world perforce drank China teas. Above all, the English drank them” (17).
1. The area became an important source not only of spices but also of the world's tea
how to process and grow tea or it would be useless to get the thousands of
- First in its market to brew its tea from tea leaves as opposed to artificial powders.
Once established as England's national drink, tea imports from first China and India led to massive trade. The book describes the power of the British East India Company, which “generated more revenue than the British government and ruled over far more people,”
Saberi, H. (2010). Tea Comes to the West. In Tea:A Global History. [Adobe Digital Editions Version]. Retrieved from http://site.ebrary.com/
The purpose of the tea act was to bail out british east india company and expand the company's possession of tea. The Tea act was designed to have british east india to trade to british colonies at the reduced price.It also made the american colonists buy tea for a cheaper price than the british people. The tea act also made the provision for a tax of 3 pence per pound to be collected on tea delivered to america. The tea consignees were to be based in four centers in the colonies (Boston,New york,Philadelphia and charleston.
On May 10 of 1773, the Tea Act was passed by the British Parliament. The act did not place a new tax on tea, but it did help the Parliament and one tea company improve their revenue. The East India Tea Company was losing their profits to other companies who illegally sold tea from other countries. The East India Tea Company had too much unsold tea, which caused them to almost go bankrupt. The British Parliament was upset that the British company was losing money because of other companies from different countries smuggling tea, so Parliament passed the Tea Act. After the Tea Act was passed, the East India Tea Company controlled the trade of tea. Illegal and legal tea companies lost money because of the East India Tea Company. Even
What did the Tea Act Say? How did it impact the colonist and the East India Company? What is a monopoly and are they good or bad for consumers? How so?
The role tea trade and tea production play in British rule over India is that Britain relied on India rather than China for tea, India cost of tea was the same as China, and the cost to transport tea to Britain was reduced resulting the Chinese export producers to be
England dealt with tea smuggling. This problem was not only a problem for England, but it also was a problem in its American colonies. The Tea Act of 1773 was introduced in the colonies to try to combat smuggling and assert England’s right to tax their colonies. The Tea Act was supposed to lower tea prices but this ended up angering the
In China, tea was used as a form of currency. Tea played an important role in making Britain the world's first industrialized nation. Tea was the gateway into the Industrialized era.Trade blossom between India and Japan. Tea helped to spread religion across the world, Buddhism being one the major religion. Since Britain wanted to profit off the tea, the government were forced to impose an act, the tea act which served at the breaking point for the American Revolutionaries. Britain was the dominant power in the world because of the search for tea. Tea led to the Industrial Revolution, and the Rise of the
After the Opium War, the British began to look elsewhere for their supply of tea, and they turned to India. The British rule over India allowed for an extensive supply of tea to be produced and traded, giving India the title of the world’s largest producer of
Knowing Chinese tea culture thoroughly is a wise way for people to explore the Chinese society and culture. As a traditional drink, it has been planted and consumed for over five thousands years. The climate of China is perfect for growing tea, which leads to large quantities and good quality of tea. According to the line diagram, “Dynamics of manufacture of tea in China, thousand tons” there were about 1,200 thousands tons of tea manufactured in 2008, which made China the biggest tea manufacture country in the world. As we can see, tea has a special position in Chinese society. Due to its popularity, Chinese tea gradually raises international interest, and leads China to be a more influential country in the
Attention getter: In the East tea has always been looked at as playing a major role in having good health, happiness, and wisdom, and it has now begun to gain more attention from researchers here in the West.