The Ceylon Chamber of Commerce (CCC) has praised the Government of Sri Lanka and the national negotiation team for successfully securing a reduction in the U.S. reciprocal tariff on Sri Lankan exports—from 30% to 20%.
In an official statement, CCC Chairperson Krishan Balendra called the move a positive outcome of sustained diplomatic engagement and urged the government to seize the opportunity to negotiate a long-term trade arrangement that ensures stable and competitive market access for Sri Lankan exporters.
The Chamber commended officials for their strategic efforts, particularly their engagement with the U.S. Government and the Office of the United States Trade Representative (USTR), which helped achieve the revised tariff.
As Sri Lanka continues its path to economic recovery, the CCC encouraged the government to collaborate with stakeholders to resolve non-tariff barriers and improve the overall environment for bilateral trade and investment.
The statement further emphasized the need to deepen commercial ties, diversify Sri Lanka’s export portfolio, and expand global market access through well-structured trade agreements.
Reaffirming its support, the Chamber pledged continued collaboration with the government through practical engagement and industry-driven insights to promote private sector priorities.
