The Ceylon Chamber of Commerce (CCC) has welcomed the reduction in the US tariff rate from 44 per cent to 30 per cent as a constructive and important first step by the Government toward bringing Sri Lanka’s tariff structure for exports to the US closer to that of regional competitors.
“We encourage continued engagement with the US administration to secure a further reduction by August 1, 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,” a chamber statement said on Thursday.
The Ceylon Chamber stands ready to support the Government’s efforts in this regard through constructive dialogue, industry feedback, and coordinated advocacy
A short while later, the official car of the Commander of the Navy, bearing plate NAHA 5006, departed from Navy House, Longdon Place, Colombo 7.
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