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Colombo(News 1st); President Anura Kumara Dissanayake says that discussions are ongoing with the aim of securing further reductions in the U.S. reciprocal tariff rate on Sri Lankan exports.
He made these remarks while participating in a discussion held this morning at the Presidential Secretariat with all stakeholders connected to the export industry.
The President noted that, as a result of previous negotiations between the two countries, Sri Lanka was able to secure a reduction in the U.S. reciprocal tariff rate from 44% to 30%.
He added that the government remains committed to pushing for further adjustments to ensure the tariff structure is more favourable to the national economy, businesses, the entrepreneurial community, and the general public.
During the discussion, attention was also drawn to the progress made in talks regarding the United States' proposed new reciprocal tariff policy, the current status of those negotiations, and the economic challenges Sri Lanka may face once the policy is implemented.