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EDB Chief on US tariff reduction: A powerful vote of confidence in Sri Lanka's economic trajectory
Daily FT
|August 04, 2025
Reduction offers tangible competitive advantage for SL products in American market
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THE Sri Lanka Export Development Board (EDB) welcomed the US Government’s decision to further reduce reciprocal tariffs on Sri Lankan exports to 20%, calling it a monumental achievement for the Wijesinghe nation’s economic recovery and future prosperity.
This decisive action, a reduction from the previously announced 30% and an initial proposed 44%, provides critical relief and a level playing field for Sri Lankan exporters in their most important market.
"This is not merely a tariff reduction; it is a powerful vote of confidence in Sri Lanka's economic trajectory, our commitment to governance reforms, and the quality of our exports," EDB Chairman and CEO Mangala Wijesinghe said. "On behalf of the entire export community, I extend our deepest gratitude for this remarkable achievement.
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