SL tells US ready to reduce import tariffs

Govt. pledges pro-business reforms to boost trade and investment Expresses concern on recovery efforts amid export exposure and potential slowdown in global demand Stands ready to engage with US administration at earliest opportunity to explore ways to manage trade balance in fair manner

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SRI Lanka yesterday announced its readiness to reduce tariff and non-tariff barriers following the US Government’s decision under its reciprocal tariff policy.

“We are committed to substantially reducing tariff and non-tariff barriers that hinder trade and investment. Improving the ease of doing business remains a top priority of the Government, as we strive to create an environment that encourages innovation, fosters commercial partnerships, and unlocks opportunities for both nations,” the Finance Ministry noted in a state-ment.