The Board of Investment (BOI) of Sri Lanka has announced that measures are being implemented to support export sectors likely to be impacted by newly imposed U.S. reciprocal tariffs.
BOI Chairman Arjuna Herath stated that these efforts, guided by President Anura Kumara Dissanayake, aim to ensure cost-efficiency, improve production, and strengthen industry infrastructure.
The United States is one of Sri Lanka's largest export markets, with annual exports valued at around USD 3 billion. Key sectors affected include apparel (USD 2 billion) and rubber-based products (USD 600–700 million), along with coconut-based goods and spices.
Meanwhile, the Export Development Board (EDB) has launched a detailed study to assess the impact on individual sectors. EDB Chairman Mangala Wijesinghe emphasized that the findings will help determine targeted strategies to cushion the effects of the tariffs.
