US Breaching OCC Agreements with Sri Lanka: Ex-President

US breaching OCC agreements with Sri Lanka: ex-President

ECONOMYNEXT – The United States is breaching the Official Creditor Committee agreements by making it difficult to repay creditors by imposing sudden tariffs on the country, ex-President Ranil Wickremesinghe has argued. “The US is a member of the OCC,” he told a forum organized by Advocata Institute to introduce Policy Challenges of Globalisation in Sri Lanka, a book written by Sarath Rajapatirana, former World Bank official who been a Presidenti…

US Tariff Blow Puts Sri Lanka’s $857M Coconut Industry at Risk - LNW Lanka News Web

By: Staff Writer July 17, Colombo (LNW): Sri Lanka’s vital coconut industry faces a major crisis following the United States’ decision to impose a 30% import tariff on coconut-based products from the island nation, effective August 1.The move threatens the survival of a sector that brings in over $857 million in annual export revenue and supports the livelihoods of more than 800,000 Sri Lankans, including smallholder farmers and factory workers.…