President pursues deeper trade engagement with the US following revised tariffs

Date:

July 13, Colombo (LNW): President Anura Kumara Dissanayake has affirmed his administration’s commitment to strengthening trade relations with the United States, emphasising that ongoing talks are aimed at securing further economic advantages for Sri Lanka.

Speaking during a high-level meeting with representatives from the export sector at the Presidential Secretariat this morning, the President highlighted recent progress achieved through diplomatic engagement.

He noted that negotiations with U.S. counterparts had already borne fruit, resulting in a significant reduction of a previously imposed reciprocal tariff—from 44 per cent down to 30 per cent.

This adjustment, he said, marks a meaningful step towards easing the burden on Sri Lankan exporters and enhancing the country’s competitiveness in international markets.

President Dissanayake underscored the government’s intention to continue policy reforms that deliver tangible benefits to local enterprises, while also safeguarding the broader interests of the national economy and improving quality of life for citizens.

“Our goal is to create an environment where Sri Lankan businesses can thrive globally,” he stated, adding that sustained dialogue with strategic international partners is essential in achieving long-term economic resilience.

The meeting also addressed key concerns raised by stakeholders regarding the anticipated shifts in U.S. trade policy, including the possible implications of the revised tariff framework. Participants explored strategies to adapt to emerging challenges while maximising new opportunities for growth in exports.

The President concluded by reaffirming his administration’s openness to feedback and collaborative decision-making, assuring the export community that their insights would play a central role in shaping future trade negotiations and economic reforms.

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