The Joint Apparel Association Forum (JAAF) has approved the levy of the new 20 per cent reciprocal tariff rate on Sri Lanka’s apparel exports to the United States. The organization praised the Government of Sri Lanka for its determined efforts in securing this favorable outcome, which is considered crucial for the nation's apparel sector.
The revised tariff brings Sri Lanka's apparel industry into closer alignment with other major regional exporters like Bangladesh, Cambodia, Vietnam, Indonesia, and Pakistan. This change creates a more level playing field and helps maintain the competitiveness of Sri Lankan apparel in the key US market.
JAAF reaffirmed its commitment to collaborating with the Sri Lankan government and its US counterparts to promote ethical labor practices, environmental sustainability, and innovation within the industry. The organization believes, these shared values, combined with ongoing diplomatic efforts, will deepen bilateral trade relations and potentially lead to further tariff reductions in the future.
