Sri Lanka, July 17 -- The Ceylon Chamber of Coconut Industry (CCCI) yesterday issued an urgent appeal to the government in response to the US' decision to impose a 30 percent import tariff on coconut-based products from Sri Lanka, effective August 1, 2025.
The move threatens to upend one of the country's most valuable export sectors, which currently generates over US $ 857 million in annual revenue and risks pushing thousands of rural livelihoods into uncertainty.
The US is Sri Lanka's single largest buyer of coconut-based products, accounting for more than 20 percent of the sector's exports, valued at roughly US $ 160 million each year. According to the CCCI, the new tariff all but destroys Sri Lanka's price competitiveness in the US ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.