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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Industry Analysis

Sri Lanka’s Apparel Sector Surpasses $3 Billion in Earnings Amid Growth

  • September 24, 2024

Sri Lanka’s apparel sector has surpassed the $3 billion mark in earnings, demonstrating impressive growth with a 22% year-on-year increase in August. According to provisional data released by Sri Lanka Customs, the sector’s export earnings for August reached $485.62 million. Exports to all markets have shown positive growth, with the United States seeing a notable

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