Sri Lanka, Aug. 5 -- Senior Professor Wasantha Athukorala of the Economics and Statistics Department of the Peradeniya University said that it is a great achievement to be able to reduce the export tariffs imposed on Sri Lanka by the American President from 44 percent to 20 percent.

He also said that although countries such as Japan and Vietnam have reduced tax rates by agreeing to various conditions, Sri Lanka has not resorted to such conditions, as far as he is known.

The professor made this statement in response to a question regarding the impact of the new American tariffs on the country's economy.

Commenting further on this, Professor Athukorala said: "When considering countries that export goods to the United States at a competit...