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Senior Adviser Warns of Fierce Apparel Export Competition

7/12/2025

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Summary

Story summary

Senior Economic Adviser Duminda Hulangamuwa warned that Bangladesh, Vietnam, and Cambodia are emerging as fierce competitors in the apparel export market, threatening Sri Lanka's foothold. He highlighted the proposed 30% tariff on Sri Lankan exports to the US as a critical challenge, urging for strategic tariff negotiations to safeguard the nation's market presence.

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Story summary

Senior Economic Adviser Duminda Hulangamuwa warned that Bangladesh, Vietnam, and Cambodia are emerging as fierce competitors in the apparel export market, threatening Sri Lanka's foothold. He highlighted the proposed 30% tariff on Sri Lankan exports to the US as a critical challenge, urging for strategic tariff negotiations to safeguard the nation's market presence.