Trade
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Expert Analysis: An Autonomous Entity Essential for the Success of Sri Lanka’s Trade Reforms, Says Research Organization
FINANCIAL CHRONICLE – A proposed trade adjustment mechanism linked to Sri Lanka’s renewed efforts in tariff rationalization and the potential revival of Free Trade Agreement (FTA) discussions will only succeed if it is supported by an independent institution with analytical expertise, as opposed to a consultative body that simply processes industry inputs and refers them…
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Sri Lanka’s Cabinet to Establish Committee for FTA Assessment and New Bilateral Agreements
Sri Lanka’s Cabinet of Ministers has granted approval for the creation of the National Trade Negotiation Committee. This committee will oversee trade discussions with potential bilateral or regional partners and evaluate existing trade agreements prior to entering into new ones, as stated by Cabinet Spokesman and Foreign Minister Vijitha Herath. Herath informed journalists during a…
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Seminar Enhances Trade and Investment Relations Between Sri Lanka and Hong Kong
FINANCIAL CHRONICLE – A seminar and networking dinner held in Colombo sought to enhance trade, investment, and business relationships between Sri Lanka and Hong Kong. The event attracted exporters and business leaders eager to identify new commercial prospects. This initiative was spearheaded by the Hong Kong Economic and Trade Office (HKETO) in Jakarta, along with…
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Sri Lanka’s Service Exports Surge by 20.07% in July 2026, Even as Financial Sector Experiences Decline
Sri Lanka’s services exports experienced a significant increase in July 2026, rising by 20.07 percent to reach $351.92 million, as reported by the Export Development Board (EDB). EDB Chairman Mangala Wijesinghe emphasized the importance of leveraging this growth by enhancing the competitiveness of current export sectors and further developing new products, services, and markets. The…
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Sri Lanka’s July Exports Decline 1.3% Due to Decreased Apparel and Tea Sales
According to information released by the export promotion office, Sri Lanka’s merchandise exports experienced a decrease of 1.3 percent, totaling $1,285.31 million in July 2026 compared to the same month the previous year. This decline has been primarily attributed to reduced shipments of apparel and tea. EDB Chairman Mangala Wijesinghe highlighted that 40 percent of…
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SLANZBC Delegation Investigates Trade Opportunities Between Sri Lanka and Australia
FINANCIAL CHRONICLE – A delegation from the Ceylon Chamber’s Sri Lanka–Australia–New Zealand Business Council (SLANZBC) recently traveled to Australia to explore opportunities for enhanced trade, investment, and institutional partnerships. During their trip, the team engaged with Australian lawmakers, government officials, trade organizations, and members of the business sector across major cities including Canberra, Melbourne, and…
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Sri Lanka’s trade organization bolsters commercial ties with Qatar and Lebanon.
The Ceylon Chamber of Commerce has entered into a collaboration by signing agreements with the Qatar Sri Lanka Business Council (QSLBC) and the Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon (CCIA-BML). These memoranda of understanding (MoUs) establish a framework for the exchange of economic and business insights, facilitating connections between the…
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EU-supported project enhances Sri Lanka’s environmental certification system.
FINANCIAL CHRONICLE – A coalition of over 50 leaders from both the public and private sectors has convened to enhance Sri Lanka’s National Eco-Labelling Framework (NELF). This initiative is being facilitated by the European Union’s Green Recovery Facility and is carried out in collaboration with Expertise France and the Ministry of Environment. The stakeholder consultation…
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Ceylon and Gujarat Chambers Reinstate Partnership Agreement to Enhance Trade and Investment Opportunities
FINANCIAL CHRONICLE – The Ceylon Chamber of Commerce and the Southern Gujarat Chamber of Commerce & Industry (SGCCI) from Surat, India, have reaffirmed their collaboration through a renewed agreement aimed at enhancing business relations between Sri Lanka and Gujarat. This renewal reflects the desire of businesses from both regions to pursue more targeted avenues for…
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Sri Lanka’s private sector applauds decrease in US labor-related tariffs.
The Ceylon Chamber of Commerce has expressed its approval regarding the recent decrease in the labour-related tariff on Sri Lankan exports to the United States, which has been reduced from 12.5% to 10%. This development is seen as a positive advancement for Sri Lanka’s export industry and underscores the significance of constructive discussions, data-driven advocacy,…
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Sri Lanka’s Finance Ministry: US Tariff Increase Enhances Competitiveness for Local Exporters
FINANCIAL CHRONICLE – The Ministry of Finance, Planning and Economic Development of Sri Lanka has announced that the United States has reduced its proposed additional Section 301 tariff on Sri Lankan exports from 12.5 percent to 10 percent. This adjustment is expected to yield favorable results for local exporters. The new tariff rate follows Sri…
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U.S. Tariff on Sri Lanka Reduced by 10% Following Ban on Imports Linked to Forced Labor
FINANCIAL CHRONICLE – The United States has implemented a 10 percent Section 301 tariff on Sri Lanka following the country’s recent ban on imports of goods produced with forced labor. This decision was enacted through an executive order under Section 301 of the Trade Act of 1974, resulting in a reduced tariff rate for Sri…
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Sri Lanka’s Service Exports Experience 3.75% Growth in June 2026, Fueled by Financial and ICT Sectors
Sri Lanka’s service sector exports experienced a growth of 3.75 percent in June 2026, amounting to 344.52 million dollars, as reported by the country’s Export Development Board. This increase was compared to the same month in the previous year. The information and communication technology (ICT) and business process management (BPM) sectors saw a notable increase…
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Sri Lanka’s June Exports Surge by 15.09%, Fueled by Electrical Goods and Boat Manufacturing
FINANCIAL CHRONICLE – In June 2026, Sri Lanka’s merchandise exports experienced a significant increase of 15.09%, totaling $1,314.10 million compared to the same month last year, as reported by the export promotion office. This growth was largely driven by sectors such as electrical and electronic components, boat manufacturing, and petroleum products. The Electrical and Electronic…
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Insight into Sri Lanka’s Ban on Imported Forced Labor in Response to U.S. Tariff Warnings
EXPLAINER – Sri Lanka’s Ban on Imports Tied to Forced Labour Following U.S. Tariff Threat FINANCIAL CHRONICLE – On July 10, 2026, Sri Lanka’s President Anura Kumara Dissanayake enacted an immediate ban on the importation of goods that are either fully or partially produced using forced labour. This decisive action was taken in response to…