Sri Lanka has to take new approach to trade: Analyst

Sajith Premadasa Discusses GSP+ Utilisation with EU Ambassador Amid U.S. Tariff Concerns - LNW Lanka News Web

Opposition Leader Sajith Premadasa met with EU Ambassador to Sri Lanka, Carmen Moreno, to discuss maximizing the benefits of the Generalised Scheme of Preferences Plus (GSP+) in the wake of the recent reciprocal tariffs imposed on Sri Lanka by the United States. In a statement shared on social media platform ‘X’, Premadasa underscored the urgency of leveraging existing trade partnerships to safeguard Sri Lanka’s export sector and expand market a…

Sri Lanka has to take new approach to trade: Analyst

ECONOMYNEXT – Sri Lanka has to take a new approach to trade, fostering regional trade, an analyst has said, after the island nation was hit by a 44 percent tariff on goods exported to the US. “Sri Lanka has to take a new approach to trade, focusing on regional trade partnerships and openness to trade,” Economist and director at Arutha Research Rehana Thowfeek told EconomyNext. “It should have diversified its export basket and destinations a long…

Sri Lanka Assembles Task Force to Address US Tariffs

President Trump announced a 44 percent tariff on Sri Lanka exports to the US on April 2.

Trump’s tariff terrorises Sri Lanka

US President Donald Trump’s decision to slap a high 44% tariff on Sri Lankan products yesterday terrorised the country’s private sector and analysts who issued severe warnings prompting the Government to take immediate action.