US trade officials to meet AKD today

Thursday, 11 September 2025 00:26 - - {{hitsCtrl.values.hits}}

The visiting US trade officials will call on President Anura Kumara Disanayake today to discuss greater bilateral commerce.

The US team is in town as a follow-up to official-level talks held in Washington D.C. between Sri Lanka and the US on the latter’s new tariff rate on imports.

The US agreed to lower the tariff to 20% from the previously announced 44%.

Sri Lanka has agreed to consider higher imports from the US, thereby reducing the trade imbalance.

Sri Lanka’s annual volume of exports, mostly garments and rubber goods, fetched $ 3 billion, while imports from the US amounted to $ 370 million in 2024.