Sri Lanka, Aug. 1 -- The Ceylon Chamber of Commerce (CCC) has commended the Government of Sri Lanka and the national negotiation team for securing a further reduction in the reciprocal tariff rate imposed by the United States on Sri Lankan exports-from 30% to 20%.

In a statement issued by the Chamber, Chairperson Krishan Balendra described the development as a positive outcome of sustained diplomatic engagement.

"While this is clear progress reflecting the value of sustained engagement and strategic diplomacy, it is now important to use this window of opportunity to work towards a long-term arrangement that ensures more stable and competitive market access for our exporters", Balendra stated.

The Chamber extended its appreciation to th...