कोशिश गोल्ड - मुक्त
Local coconut industry warns of major setback as US slaps 30% tariff
The Island
|July 23, 2025
The Ceylon Chamber of Coconut Industry (CCCI) has issued an urgent appeal to the government of Sri Lanka in response to the United States' decision to impose a 30% import tariff on coconut-based products from Sri Lanka, effective August 1, 2025.
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The move threatens to upend one of the country's most valuable export sectors, which currently generates over USD 857 million in annual revenue, and risks pushing thousands of rural livelihoods into uncertainty, the industry said in a press release.
The release adds: 'The United States is Sri Lanka's single largest buyer of coconut-based products, accounting for more than 20% of the sector's exports, valued at roughly USD 160 million each year. According to the CCCI, the new tariff all but destroys Sri Lanka's price competitiveness in the US market.
Competing suppliers such as the Philippines, Vietnam and India enjoy preferential trade access, meaning Sri Lankan products, despite their globally renowned quality, will be sidelined on cost alone.
यह कहानी The Island के July 23, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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