No agreement has been finalized on the proposals submitted by the United States, President Anura Kumara Dissanayake said.
“There is no final agreement signed yet with the United States, although we have come to a certain level of progress in discussions,” the President said. He noted that the opposition had been engaged in various efforts to mislead the public on the tariff negotiations with the United States. He said that there is no truth to predictions that the US reciprocal tariffs imposed on Sri Lanka will rise to 44%.
The President said that there will be no changes to the vehicle importation policy. He said that the opposition is engaged in efforts to destabilise the market with rumours of a policy change.
“We are expecting Letters of Credit to be opened between USD 1500 to 1800 million by December for which we are making necessary preparations,” he said. (Islandnews)
