Chamber commends government on US Tariff cut

• By KirshCNL
• August 5, 2025
• Business News, News, Political
• Ceylon Chamber of Commerce, US tariff
• 0 Comments

The Ceylon Chamber of Commerce has officially commended the Government of Sri Lanka and its national negotiation team for their successful efforts in securing a further reduction in the reciprocal tariff rate with the United States. This significant achievement sees the tariff rate on Sri Lankan exports reduced from 30% to 20%.

Krishan Balendra, Chairperson of the Ceylon Chamber, remarked, “While this is clear progress reflecting the value of sustained engagement and strategic diplomacy, it is now important to use this window of opportunity to work towards a long-term arrangement that ensures more stable and competitive market access for our exporters”.

The Chamber specifically acknowledged the proactive and strategic efforts of the officials involved, particularly in engaging with the U.S. Government and the Office of the United States Trade Representative (USTR), which led to this positive outcome.

The Ceylon Chamber reaffirmed its commitment to continuing to work with the Government through practical engagement, informed input from industry, and clear representation of private sector priorities.