Deputy Minister of Economic Development, Anil Jayantha Fernando, says the United States has offered 0% tariff on certain exports from Sri Lanka.
Speaking during a televised interview, Anil Jayantha Fernando said negotiations are underway, with the United States offering Sri Lanka a number of export items that would qualify for zero per cent tariffs.
“Out of these 1,161 items for export, 42 are agricultural products. The list includes all types of apparel. For about 70% to 80% of these items, they’ve expressed agreement to offer us a 0% tariff. That’s why we’re not revealing everything yet, because the agreement isn’t finalized. But once exports begin, they’ll be subject to 0% duty,” he said.
When inquired about the details of the exempted items, the Deputy Minister said that a ‘non-disclosure exclusivity’ has been signed, which prevents points discussed from being disclosed if a final agreement is yet to be reached.
He further revealed that the offer has been made during ongoing discussions between Sri Lanka and the US on the reciprocal tariffs imposed on Sri Lanka by US President Donald Trump.
Having initially imposed a 44% tariff on Sri Lanka, the US recently revised it to 30% tariffs, expected to come into effect from 01 August this year.
Sri Lankan authorities are currently engaged in discussions with the US authorities to further reduce the revised tariffs. (Islandnews)
