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There is a major shift in environmental and sustainable policies worldwide, said Edward Clarence-Smith of the United Nations Industrial Development Organisation
Sri Lankan companies which succeed will be those that adapt and comply with new rules which might even enable them to gain market share from those which do not, he told an investment forum held alongside the island's Expo 2012 trade fair.
Exporters in developing countries were becoming concerned about new environmental and sustainability regulations that they viewed with suspicion as being new forms of protectionism.
"They are seeing new standards related to the environmental sustainability of the products they export - the 'greenness' of their products, to use today's terminology - as the latest barriers o trade with developed countries," said Clarence-Smith, UNIDO's representative in China.
"I do not believe this to be the case.
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Yes, no doubt certain counri