Tariff Reduction to the U.S. a Significant Step - Ceylon Chamber of Commerce

COLOMBO (News 1st) - The Ceylon Chamber of Commerce in a media release said, the reduction in the tariff rate from 44% to 30% a constructive and important first step by the Government toward bringing Sri Lanka's tariff structure for exports to the U.S. closer to that of regional competitors.

They encourage continued engagement with the U.S. administration to secure a further reduction by 1 August, especially given that several regional peers are expected to benefit from even lower rates.

Progress in achieving a further reduction will be critical to strengthening Sri Lanka's position in this key market, maintaining buyer confidence, and supporting sustained trade growth over the long term.

The Ceylon Chamber of Commerce says they stand ready to support the Government's efforts in this regard through constructive dialogue, industry feedback, and coordinated advocacy