-By Karu Jayasuriya
(Lanka-e-News -02.Aug.2025, 6.00 PM) The fact that US President Donald Trump has reduced the export tariff rate on Sri Lanka to 20% can be considered a form of concession in view of the challenges we face as a country, but we would like to emphasise the need for us as a country to act collectively and wisely in view of the competitive situation arising from Asian countries in the future export of goods from Sri Lanka to the US.
As the National Movement for Social Justice (NMSJ), we request the Government led by the President, especially the institutions that plan policies related to the country's economy, as well as private entrepreneurs and professional organisations, to come together and prepare future plans regarding the challenges that may arise.
There are a number of areas that we must pay attention to. Sri Lanka's manufacturing sector is considered to be one of the least productive sectors. It also has the highest electricity tariffs. As a country with the most holidays in the world, we are in an environment that discourages industries. In addition, the constant strikes in the ports and other public transport sectors pose a mortal threat to our country's manufacturing sector.
We should pay more attention to these situations, considering the favourable manufacturing environments maintained by other countries in the Asian region that compete with us. We believe that without entering such a transformational era, the challenges facing the export economy will not be overcome.
Therefore, the NMSJ calls on the Government, the entrepreneurial community representing the private sector, and the patriotic people to understand the reality and work together to overcome the challenges before us.
Leader - National Movement for Social Justice
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by (2025-08-02 12:47:26)
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