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Sri Lanka must..
Daily FT
|November 17, 2025
Sri Lanka must.. “We are still operating under severe forex pressures.
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Removing protective duties without adequate reserves vwill invite a surge of cheap imports, weaken the rupee, and undermine the very industries we are trying to revive,” Jeffrey said.
He highlighted Sri Lanka' rights under World Trade Organisation (WTO) Article XXVIII and the principle of Common But Differentiated Responsibilities (CBDR), which allows developing economies to liberalise gradually and strategically, rather than at the accelerated pace expected of wealthier nations.
Jeffrey also addressed longstanding distortions in Sri Lanka’ tariff policy. He stated that earlier regimes implemented selective para-tariff protection that favoured politically connected sectors, such as tiles, aluminium, and hardware, which enjoyed extremely high para-tariff.
This story is from the November 17, 2025 edition of Daily FT.
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