He Rejected the IMF.
Was it a bold move for Africa’s future — or a dangerous mistake? 🤔
Watch the full story of Ibrahim Traoré and Burkina Faso’s Gold & Energy Revolution 🇧🇫
👉 https://t.co/mWQgApkXNq
The UK government has announced a package of reforms under its Developing Countries Trading Scheme (DCTS), offering significant benefits to Sri Lanka’s garment sector and other exporters.
🇬🇧🤝🇱🇰
Big win for Sri Lanka’s garment industry!
The new measures will simplify trade processes and liberalise rules of origin, allowing more garments manufactured in Sri Lanka to enter the UK market tariff-free.
The reforms, unveiled on 10 July, aim to support economic growth in partner countries while giving UK businesses and consumers access to competitively priced, high-quality products.
British High Commissioner to Sri Lanka, Andrew Patrick, described the move as a “win for the Sri Lankan garment sector and for UK consumers,” noting that garments account for over 60% of Sri Lanka’s exports to the UK, which is the island nation’s second-largest export market.
Yohan Lawrence, Secretary General of the Joint Apparel Association Forum (JAAF), welcomed the reforms, calling them a “game-changer” for the industry. The changes will allow Sri Lankan manufacturers to source raw materials more flexibly from across the region while maintaining duty-free access to the UK, potentially boosting apparel exports significantly once the new rules take effect in early 2026.
Beyond garments, the UK plans to support Sri Lanka in expanding its exports in other sectors under the DCTS and through initiatives like the UK Trade Partnerships programme and SheTrades Commonwealth+ hub. These efforts include assistance with national organic standards, certification processes, and gender mainstreaming in trade policy.
Launched in 2023, the DCTS covers 65 countries and is considered one of the world’s most generous trade preference schemes, offering reduced or zero tariffs on thousands of products.
@UKinSriLanka@AndrewPtkFCDO
The UK government has announced a package of reforms under its Developing Countries Trading Scheme (DCTS), offering significant benefits to Sri Lanka’s garment sector and other exporters.
🇬🇧🤝🇱🇰
Big win for Sri Lanka’s garment industry!
The new measures will simplify trade processes and liberalise rules of origin, allowing more garments manufactured in Sri Lanka to enter the UK market tariff-free.
The reforms, unveiled on 10 July, aim to support economic growth in partner countries while giving UK businesses and consumers access to competitively priced, high-quality products.
British High Commissioner to Sri Lanka, Andrew Patrick, described the move as a “win for the Sri Lankan garment sector and for UK consumers,” noting that garments account for over 60% of Sri Lanka’s exports to the UK, which is the island nation’s second-largest export market.
Yohan Lawrence, Secretary General of the Joint Apparel Association Forum (JAAF), welcomed the reforms, calling them a “game-changer” for the industry. The changes will allow Sri Lankan manufacturers to source raw materials more flexibly from across the region while maintaining duty-free access to the UK, potentially boosting apparel exports significantly once the new rules take effect in early 2026.
Beyond garments, the UK plans to support Sri Lanka in expanding its exports in other sectors under the DCTS and through initiatives like the UK Trade Partnerships programme and SheTrades Commonwealth+ hub. These efforts include assistance with national organic standards, certification processes, and gender mainstreaming in trade policy.
Launched in 2023, the DCTS covers 65 countries and is considered one of the world’s most generous trade preference schemes, offering reduced or zero tariffs on thousands of products.
@UKinSriLanka@AndrewPtkFCDO
The 15th Islamic Banking & Finance Conference, RIUNIT CEO Roshan Madawela led Session 1, highlighting the future of Islamic Finance in Sri Lanka. With two reports published and a third on the way, RIUNIT remains committed to driving financial innovation.
#IslamicFinance
RIUNIT signs an exclusivity agreement for a prime plot in Port City Colombo!
CEO of RIUNIT Roshan Madawela and GM of Investment Promotion and Marketing Zheng Tian at @PortCityColombo lead this milestone, advancing "Asia's Real Estate Opportunity of the Century."
Sri Lanka’s new president @anuradisanayake could now review all details of the negotiations with @IMFNews and make a case for renegotiation. The wellbeing of people takes precedence over interests of external creditors. @cbsl@Brad_Setser@TheoMaret
https://t.co/v9ONJeNYbI
Maldives: Navigating the Storm!
Join us for an exclusive, invite-only roundtable discussion on the emerging economic situation.
Reserve your slot now: https://t.co/2lRh9dKADV
According to SLTDA Sri Lanka’s tourism sector rebounds strongly with July earnings of US$ 328.3M, doubling June’s figures!
✈️ Total arrivals in 2024 hit 1.3M, aiming for 2.4M by year-end. With a 72.3% YoY increase in tourism revenue, Sri Lanka targets US$ 3.5-4B for the year.
Prof. Howard Nicholas emphasizes the inequality of the IMF deal with Sri Lanka, warning that it favors bondholders and imposes harsh conditions on future governments.
Dive into the full discussion on our YouTube channel. https://t.co/zqcgPmUIwf
RIUNIT CEO Roshan Madawela, accompanied by Dr. Anil Priyanka Baddevithana, Senior Consultant at RIUNIT, had the honor of meeting the High Commissioner of the Maldives to the Democratic Socialist Republic of Sri Lanka, His Excellency Masood Imad.
@MasoodImadMv@MoFAmv
📉 The new RIUNIT Podcast episode is live! Prof. Jayati Ghosh and Prof. Howard Nicholas offer their expertise on the global rise in inequality, the IMF’s less-visible agendas, and what to expect in the near future for the
https://t.co/9JwFBKetmE