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Israel is an advanced, market-oriented economy. However, its limited land and water resources preclude agricultural self-sufficiency, affecting local production costs and consumer prices.

South Asia, which includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, accounts for 24 percent of the world’s population, with 1.84 billion people in 2019.

The Government of Sri Lanka on November 17, 2020, revised the country's tariff schedule effective November 18, 2020. The changes modify the Revenue Protection Act, No. 19 (1962).

The second stage of the front of pack labeling regulation is scheduled to enter into force on January 1, 2021.