TRADE STUCK, ECONOMY SLOWS DOWN
Maritime Gateway|May 2020
Sri Lankan economy slows down as trade deficit widens and supply chain disrupts amidst lockdown

The United States has sought to continue trade with Sri Lanka despite the serious impact of coronavirus on most of the business operations. The US Embassy in Colombo has requested the Government to let continue operations of businesses exporting key products to the US while taking health safety precautions. The US continues to be the single largest export destination for Sri Lankan products, purchasing approximately 26 per cent of its exports. The US is working with Sri Lanka to support production of medical supplies for use worldwide as part of the global response to COVID-19.

Meanwhile, India gifted a 10-tonne consignment of essential lifesaving medicines to Sri Lanka to help it battle with the coronavirus pandemic. The medicines provided by India were requested by Government of Sri Lanka. The consignment was brought to Sri Lanka by an Air India special charter flight.

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