Economics

Sri Lanka and Indonesia Collaborate for UK Tariff Benefits on Apparel Exports

  • October 29, 2024

Sri Lanka and Indonesia are set to submit a joint application to enhance their apparel exports under the United Kingdom’s tariff preference scheme for developing countries, according to a cabinet statement. Following the UK’s exit from the European Union, the UK Global Tariff (UKGT) and the UK Generalized Scheme of Preferences (UK GSP) have replaced

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Economics

Sri Lanka’s Goods and Services Exports Surge in July 2024: A 6.58% Increase in Merchandise and 16.44% in Services

  • August 26, 2024

Sri Lanka’s export sector witnessed a notable boost in July 2024, with merchandise exports rising by 6.58% year-on-year to reach 1,087.6 million US dollars, according to official data. Apparel exports, a key contributor, grew by 3.8%, supported by increased demand from the US market. From January to July 2024, total merchandise exports climbed by 4.94%,

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