Sri Lankan apparel brands demand 300–400% CESS hike to counter cheap imports | Retail News Sri Lanka

Boost for Sri Lankan garment sector as UK launches new trade measures

The UK Government on Thursday unveiled a package of reforms to simplify imports from developing countries like Sri Lanka. Upgrades to the Developing Countries Trading Scheme (DCTS) make it easier for businesses to trade with the UK and help lower prices on the UK high street.

Sri Lankan apparel brands demand 300–400% CESS hike to counter cheap imports | Retail News Sri Lanka

In order to maintain the survival and competitiveness of the local sector in its home market, Sri Lankan garment firms are demanding a severe rise of 300 to 400% in the Commodity Export Subsidy Scheme (CESS) fee on imported goods. P. Yasotharan, the former president of the Sri Lanka Brands Association, made the suggestion this […] The post Sri Lankan apparel brands demand 300–400% CESS hike to counter cheap imports appeared first on Apparel Reso…