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Sri Lanka Moves to Scrap Para-Tariffs: Economic Turning Point - LNW Lanka News Web
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Sri Lanka Moves to Scrap Para-Tariffs: Economic Turning Point - LNW Lanka News Web
Sri Lanka’s decision to phase out para-tariffs marks a significant shift in its trade and fiscal policy, with far-reaching implications for industries, households, and the broader economy. According to recent economic analysis, the reform will reduce import duties by roughly nine percentage points, fundamentally reshaping cost structures, particularly within the manufacturing sector. Para-tariffs such as the Ports and Airport Development Levy (P…
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