SL should explore other trade opportunities while negotiating with US on tariff: Industrialist

Sri Lanka should explore other trade _ opportunities while giving importance to negotiating with the USA for a tariff reduction, an Indiabased industrialist said.

- By YOHAN PERERA

“Sri Lanka is impacted with high tariffs. Backdoor dialogue and diplomacy by the government is being channelized in both countriesto reduce it. While the US market can’t be ignored, exploring other trade opportunities is crucial. Realignments are happening, and markets are evaluating how to diversify exports to other trading blocs like BRICS, which is aligning to zero tariffs, and EU, which is encouraging Developing Countries Trade Schemes (DCTS),” Worldex India Exhibition and Promotion Private Limited Managing Director Arti Bhagat told a media briefing.