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The Colombo Tea Traders’ Association was inaugurated on August 9, 1894, with the objective of promoting alike the common
interests of Sellers and Buyers of Tea, and to uphold the good name of the Colombo Tea Market.
The Colombo Tea Traders’ Association was inaugurated on August 9, 1894, with the objective of promoting alike the common interests of Sellers and Buyers of Tea, and to uphold the good name of the Colombo Tea Market. The management of the Colombo Tea Auction was delegated to the Colombo Tea Traders’ Association, which it has handled, without a break, since 1894. It continues to be one of its primary functions.
It is affiliated to the Ceylon Chamber of Commerce [CCC], which was established in 1839, and was formed on the initiative of the CCC, at the request of the Producers, to regulate and monitor the affairs of the Tea Trade and to conduct the Tea Auction in a formal and orderly manner.
One of the first undertakings of this Association was to review, on behalf of the Ceylon Chamber of Commerce, the loose collection of rules under which the auction of tea was being conducted, hitherto, so as to ensure the regulated and efficient operation of the auction. On November 1, 1894, recommendations on the “Rules of the Conditions of Sale”, were ratified. Thus, the By-Laws and Conditions for the Sale of Tea by Public Auction came into formal existence.
set of By-Laws and Conditions for the Sale of Tea by Public Auction, which was later extended to include the Sale of Tea by Private Treaty, by which the auction is regulated, has been reviewed and updated by the Colombo Tea Traders’ Association, at regular intervals, to provide a stable, reliable and credible procedure for the sale of Tea and to meet the requirements of the changing circumstances of the Trade, with the progressive increase in production volumes and the further development of the Tea Industry.
The management of the Colombo Tea Auction was delegated to the Colombo Tea Traders’ Association, which it has handled, without a break, since August 9, 1894. It continues to be one of its primary functions. It is affiliated to the Ceylon Chamber of Commerce [CCC], which was established in 1839, and at the request of the Producers, to regulate and monitor the affairs of the Tea Trade and to conduct the Tea Auction in a formal and orderly manner.
One of the first undertakings of this Association was to review, on behalf of the Ceylon Chamber of Commerce, the loose collection of rules under which the auction of tea was being conducted, hitherto, so as to ensure the regulated and efficient operation of the auction. On November 1, 1894, recommendations on the “Rules of the Conditions of Sale”, were ratified. Thus, the By-Laws and Conditions for the Sale of Tea by Public Auction came into formal existence.
Tea Export Controller administered the Tea Export sector in Ceylon under the Ministry of Agriculture and Land from 1933 up to 1958. In 1959, the Tea Export Commissioner’s Department was established under the Tea (Tax & Control of Export) Act No 16 of 1959. The entire tea export trade including Colombo and London Tea Auctions was regulated, monitored, and developed under the provisions of the Tea Export Control Scheme up to 1959, and from 1959 to 1976 the Commissioner of Tea Export under the Tea (Tax & Control of Export) Act No 16 of 1959. After establishing the Sri Lanka Tea Board in 1976, the Tea Export Commissioner’s Department was abolished and the Sri Lanka Tea Board delegated the powers of conduct of tea auctions to the CCC/CTTA on 09 th June 1978 by 320/15 Government Gazette Notification.
The set of By-Laws and Conditions for the Sale of Tea by Public Auction has been reviewed and updated by the Colombo Tea Traders’ Association, at regular intervals, to provide a stable, reliable and credible procedure for the sale of Tea and to meet the requirements of the changing circumstances of the Trade, with the progressive increase in production volumes and the further development of the Tea Industry.
The management of the Colombo Tea Auction was delegated to the Colombo Tea Traders’ Association, which it has handled, without a break, since August 9, 1894. It continues to be one of its primary functions.
It is affiliated to the Ceylon Chamber of Commerce [CCC], which was established in 1839, and at the request of the Producers, to regulate and monitor the affairs of the Tea Trade and to conduct the Tea Auction in a formal and orderly manner.
One of the first undertakings of this Association was to review, on behalf of the Ceylon Chamber of Commerce, the loose collection of rules under which the auction of tea was being conducted, hitherto, so as to ensure the regulated and efficient operation of the auction. On November 1, 1894, recommendations on the “Rules of the Conditions of Sale”, were ratified. Thus, the By-Laws and Conditions for the Sale of Tea by Public Auction came into formal existence.
Tea Export Controller administered the Tea Export sector in Ceylon under the Ministry of Agriculture and Land from 1933 up to 1958. In 1959, the Tea Export Commissioner’s Department was established under the Tea (Tax & Control of Export) Act No 16 of 1959. The entire tea export trade including Colombo and London Tea Auctions was regulated, monitored, and developed under the provisions of the Tea Export Control Scheme up to 1959, and from 1959 to 1976 the Commissioner of Tea Export under the Tea (Tax & Control of Export) Act No 16 of 1959. After establishing the Sri Lanka Tea Board in 1976, the Tea Export Commissioner’s Department was abolished and the Sri Lanka Tea Board delegated the powers of conduct of tea auctions to the CCC/CTTA on 09 th June 1978 by 320/15 Government Gazette Notification.
The set of By-Laws and Conditions for the Sale of Tea by Public Auction has been reviewed and updated by the Colombo Tea Traders’ Association, at regular intervals, to provide a stable, reliable and credible procedure for the sale of Tea and to meet the requirements of the changing circumstances of the Trade, with the progressive increase in production volumes and the further development of the Tea Industry.
The Colombo Tea Traders’ Association was inaugurated on August 9, 1894, with the objective of promoting alike the common interests of Sellers and Buyers of Tea, and to uphold the good name of the Colombo Tea Market. The management of the Colombo Tea Auction was delegated to the Colombo Tea Traders’ Association, which it has handled, without a break, since 1894. It continues to be one of its primary functions.
It is affiliated to the Ceylon Chamber of Commerce [CCC], which was established in 1839, and was formed on the initiative of the CCC, at the request of the Producers, to regulate and monitor the affairs of the Tea Trade and to conduct the Tea Auction in a formal and orderly manner.
One of the first undertakings of this Association was to review, on behalf of the Ceylon Chamber of Commerce, the loose collection of rules under which the auction of tea was being conducted, hitherto, so as to ensure the regulated and efficient operation of the auction. On November 1, 1894, recommendations on the “Rules of the Conditions of Sale”, were ratified. Thus, the By-Laws and Conditions for the Sale of Tea by Public Auction came into formal existence.
set of By-Laws and Conditions for the Sale of Tea by Public Auction, which was later extended to include the Sale of Tea by Private Treaty, by which the auction is regulated, has been reviewed and updated by the Colombo Tea Traders’ Association, at regular intervals, to provide a stable, reliable and credible procedure for the sale of Tea and to meet the requirements of the changing circumstances of the Trade, with the progressive increase in production volumes and the further development of the Tea Industry.
The Colombo Tea Trades’ Association was Incorporated and formed as a Company, limited by guarantee, under the Companies Act No.07 of 2007, on May 20, 2014, by notification published in the Gazette of the Democratic Socialist Republic of Sri Lanka on June 20, 2014, to take over the assets and to carry on the functions of the Colombo Tea Traders’ Association. The Company retained the name, “Colombo Tea Traders’ Association”, without the addition of the word “Limited”.
As the Apex Body of the Tea Industry, it represents the following stakeholders of the Tea Industry.
The Planters’ Association of
Ceylon [PA] – 1854
The Sri Lanka Tea Factory Owners’
Association [SLTFOA] – 1982
The Tea Exporters’ Association
[TEA] – 1999
The Colombo Brokers’ Association
[CBA] -1904
The Tea Small Holdings Development
Authority [TSHDA] – 1977
As the Apex Body of the Tea Industry, it represents the following stakeholders of the Tea Industry.
The CTTA has a wide and representative Corporate Membership comprising Buyers, Sellers, Brokers and
Support Services, as well as individuals on whom Honorary Membership has been conferred. The classifications
into which its membership is categorized are as follows:
· The CTTA has a wide and representative Corporate Membership comprising Buyers, Sellers, Brokers and Support Services, as well as individuals on whom Honorary Membership has been conferred. The classifications into which its membership is categorized are as follows:
Industry experts:
Two senior members of the Trade are also invited to serve on the Committee, to afford representation on the Committee to any particular section of the Trade which does not have an elected representative, provided any such member so nominated shall only be entitled to participate in the deliberations of the Committee but shall not be entitled to vote.
Chairman
Vice Chairman
Seller Representatives
Affiliated Associations
Buyer Representatives
Brokers Representatives
Nominated Members
Secretariat
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