Sri Lanka, Jan. 8 -- Sri Lankan garment manufacturers gain unprecedented access to UK markets under liberalised trade rules. The changes allow manufacturers to source up to 100% of inputs for garments from any country worldwide whilst maintaining tariff-free access to the UK market. Fewer processing requirements now apply, removing the previous rule that two significant manufacturing processes must take place in Sri Lanka.
The liberalised rules also include the creation of an Asia Regional Cumulation Group of 18 countries applicable to all other exports from Sri Lanka. This enables Sri Lankan manufacturers to source materials from regional partners whilst maintaining preferential tariff benefits.
The British High Commissioner to Sri Lanka...