Sri Lanka, April 1 -- The government is preparing to gradually remove para-tariffs in a structural trade reform aimed at lowering costs for exporters and improving the country's competitiveness, as policymakers push to strengthen export-led industrial growth.

The move, outlined by Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe, is expected to reduce input costs for exporters and support Sri Lanka's participation in multilateral trade agreements, marking a shift towards a more open and efficiency-driven trade regime.

"We can see the industry is being proactive in diversifying markets but there is more we have to do. That is why the government is heavily focused on export-led industrial growth, which i...