Sri Lanka’s cabinet has approved a new national livestock policy, replacing a framework that has been in place for more than 20 years.
The updated strategy shifts the focus toward private sector-led development and aims to build a more competitive, market-oriented production system.
This decision marks another step in the island nation’s broader economic restructuring efforts following its severe financial crisis.
The policy overhaul aligns with recent legislative moves to liberalize trade and stimulate export growth.
Parliament recently approved a comprehensive tariff reform designed to open up markets and reduce protectionist barriers.
By modernizing the livestock sector, the government is attempting to improve efficiency and reduce reliance on state subsidies, which have historically strained public finances.