ECONOMYNEXT – Sri Lanka is anticipating to provoke immediate discussions with america to realize aid from 44 p.c tariffs imposed by President Donald Trump on exports from the Indian Ocean island.
President Anura Kumara Dissanayake appointed a committee to evaluation the tariff and advocate measures.
“A dialogue was held on the Presidential Secretariat between President Anura Kumara Disanayake and the Committee appointed to submit suggestions on the brand new U.S. tariff system,” a press release from the President’s media workplace stated.
“Through the assembly, the Committee’s proposals in regards to the nation’s strategic response to the imposition of those new tariffs, in addition to the following steps that must be taken was reviewed intimately.
“Moreover, the Sri Lankan authorities is predicted to provoke immediate discussions with the U.S. authorities concerning attainable aid measures.”
Sri Lanka is protectionist with massive taxes imposed to help a number of politically related companies and farmers, pushing up home prices and making the nation non – export aggressive.
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A 20 p.c Trump type tax was imposed on imported in 2025, which may end in taxes misplaced to home assemblers.
The Committee is represented by Senior Financial Advisor to the President Duminda Hulangamuwa; Secretary to the Ministry of Finance Mahinda Siriwardana; Governor of the Central Financial institution Nandalal Weerasinghe; Secretary to the Ministry of Commerce A. Vimalaneththiraja.
Chairman of the Export Growth Board Mangala Wijesinghe; Senior Director Basic (Bilateral) of the Ministry of International Affairs, Dharshana M. Perera are additionally on the committee.
Chief Financial Coverage Advisor on the Ceylon Chamber of Commerce Shiran Fernando; Group CEO of Brandix Ashroff Omar; Co-Founding father of MAS Holdings Sharad Amalean; Chairman of the Heyleys Group Mohan Pandithage and Ananda Caldera make up the remainder of the committee. (Colombo/Apr05/2025)
