Minister @Chathurangaab joined me in touring Maersk Sri Lanka’s advanced logistics operations. They handle country consolidation operations for several UK brands. With exports expected to expand following latest DCTS reforms, the whole‑economy value chain stands to benefit.
@advocatalk That 2.8 is, I believe the total imports of fabric. This covers both the local requirement and what’s imported for reprocessing for export.
🔴 The Impact of Trump Tariffs on Sri Lanka's Apparel Exports
➡️ The video discusses the critical challenges facing Sri Lanka's apparel export sector, primarily focusing on the significant impact of evolving US tariffs, including an anticipated 30% duty post-August 1st that threatens the industry's competitiveness against countries like Vietnam and India. It also elaborates on how increased tariffs could force brands to absorb costs or raise consumer prices, leading to reduced demand, and highlights the difficulties in diversifying to other markets given the US market's scale and competitors' existing trade advantages.
#srilanka #economy #USA #TrumpTariffs