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Economic Impact of Increased American Tariffs on Sri Lanka – By Dr Harold Gunatillake An Analysis of Potential Consequences Overview of Sri Lanka – United States Trade Over the past five years, exports from Sri Lanka to the United States have experienced an annualised growth rate of 1.38%, rising from $2.78 billion in 2018 to $2.98 billion in 2023. Dominance of Apparel Exports In 2023, Sri Lanka’s top exports to the US were apparel (US$1.9 billion), followed by rubber-based products and tea. The US was Sri Lanka’s largest export market, absorbing $2.98 billion worth of Sri Lankan goods. Image Source : .businessoffashion The imposition of higher tariffs by the United States on Sri Lanka’s exported goods is poised to have significant repercussions on the island nation’s economy. As Sri Lanka relies heavily on exports for its economic sustenance, any disruption to this stream can lead to a cascade of adverse effects. ...

Apr 8, 2025 Posted by In Articles, Dr harold Gunatillake Tagged , , , , , , , , , ,
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A hard road ahead…… Irrespective of who is driving the bus! – By Aubrey Joachim In all probability Sri Lanka will be waking up to a new chapter in its history. The chosen leader will come with bright and shiny ‘L’ plates as this would be his first shift at the wheel of the bus with a long and rough journey ahead on difficult terrain. There is a mountain of debt to negotiate, pot-holes on the road and deep precipices on either side that demand utmost care and caution lest the bus end up in an even deeper chasm. Over the last few weeks the driver and his team have been charting the course of the journey and laid out the planned route. Predictive analytic models have been used to fine-tune the outcome. The throngs of passengers have analysed the route map to select the best driver and what they ...

Sep 21, 2024 Posted by In Articles, Aubrey Joachim Tagged , , , , , , , , , , ,
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