President Anura Kumara Dissanayake has appointed a committee to conduct an in-depth study and provide recommendations on the issues that could be faced by Sri Lanka due to the reciprocal tariffs imposed by the US Government.
According to the President’s Media Division (PMD), the committee consists of experts from various sectors of Sri Lanka, including apparel, as well as state officials.
The Secretary to the Finance Ministry, Governor of the Central Bank of Sri Lanka (CBSL), Chairman of the Sri Lanka Board of Investment (BOI), Chairman of the Sri Lanka Export Development Board (EDB), and the Director General of the Economic Affairs Unit of the Foreign Ministry have been appointed to the committee.
The newly appointed committee also includes Senior Presidential Advisor Duminda Hulangamuwa, Chief Economic Policy Advisor of the Ceylon Chamber of Commerce Shiran Fernando, and top Sri Lankan businessmen Ashroff Omar, Sharad Amalean, and Saif Jafferjee.
The President has appointed this new committee following the imposition of a 44% tariff on Sri Lankan goods by the United States under President Donald Trump’s revised trade policy.
The move, described by the U.S. as a reciprocal measure in response to what it claims are Sri Lanka’s 88% trade barriers on American goods, places Sri Lanka among the countries facing the highest tariff rates globally. (Islandnews)
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