Sri Lanka, Aug. 4 -- The Ceylon Chamber of Coconut Industries extends its sincere appreciation to President Anura Kumara Dissanayake and the negotiating team for securing a reduced 20% reciprocal tariff from the United States. As our largest export market for coconut products, this achievement marks a critical win for the industry, helping Sri Lankan exporters compete more fairly with key regional players such as Indonesia, Vietnam, and the Philippines, who currently enjoy a marginal 1% lower rate.

We also thank the negotiating team led by Dr. Harshana Suriyapperuma, Secretary to the Treasury, for their sustained and strategic efforts since the initial tariff announcement. Their commitment has been instrumental in delivering a fairer and...