Sri Lanka is the only country in the Asia region currently holding discussions with officials in the United States to revise the tariffs introduced by US President Donald Trump earlier this year, according to Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando.

Joining the Parliamentary debate today (30), where MPs are debating the fiscal strategy statement of the government, the Deputy Minister of Economic Development stated that they are hopeful the government will be able get a better deal from the US regarding the 44% tariff imposed earlier this year.

A Sri Lankan delegation last month held discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR).

The reciprocal tariffs imposed by United States President Donald Trump has been paused for 90 days at present.

Deputy Minister of Economic Development Prof. Anil Jayantha Fernando in Parliament stated that the government will take all steps within their powers to reduce the tariffs imposed by the US which will have a major bearing on many local industries.

The Deputy Minister while the government is taking such important steps to safeguard local companies, the opposition is only focused on jeopardizing the work of the present administration

(adaderana.lk)

(This story, originally published by adaderana.lk has not been edited by SLM staff)

Officials from India will extend their Washington visit to try to reach agreement on a trade deal with U.S. President Donald Trump’s administration and address lingering concerns on both sides, two Indian government sources said on Monday.

Trade talks between India and the U.S. have hit roadblocks over disagreements on import duties for auto components, steel, and farm goods, ahead of Trump’s July 9 deadline to impose reciprocal tariffs.

The Indian delegation had been expected to conclude discussions by last Friday, but was staying on until at least Monday evening to iron out differences and move towards an agreement, officials said, declining to be named as the discussions are private.

“There are certain disagreements over opening up the agriculture and dairy sectors, though India has offered tariff concessions on 90% of tariff lines. A final call will be taken by the political leadership of the two countries,” one of the government sources said.

“The Indian delegation could stay for another one to two days if discussions continue,” the second source said.

India’s commerce ministry and the U.S. Trade Representative Office did not immediately respond to requests for comment.

Agriculture and dairy are “big red lines” for India in its ongoing trade negotiations with the U.S., Finance Minister Nirmala Sitharaman told the Financial Express newspaper in an interview published on Monday.

“Yes, I’d love to have an agreement, a big, good, beautiful one; why not?” Sitharaman said, adding that an early conclusion of the trade deal would serve India better.
Trump said last week that America was going to have a “very big” trade deal with India, but gave no details.

(Reuters)

Sri Lanka mourns the loss of Prof. Malani Andagama, a distinguished historian, academic, and former Head of the Department of History and Archaeology at the University of Sri Jayewardenepura, who passed away at the age of 85.

Born in Galapitamada, Kegalle, Prof. Andagama began her academic journey at Ruwanwella Central College, later entering the University of Peradeniya, where she earned her Honours Degree in History. 

She briefly served as an Assistant Lecturer before joining the University of Sri Jayewardenepura in 1971, where she remained until her retirement in 2005.

Prof. Andagama was widely respected for her pioneering research on Sri Lanka’s village council and municipal systems, and her acclaimed book “Sri Lankave Gam Sabha Kramaya” earned the State Literary Award.

She also served as the Chairperson of the Mahavamsa Editorial Board, contributing significantly to the preservation and study of Sri Lanka’s historical chronicles.

She was married to the late Pandula Andagama, a prominent anthropologist and scholar.

Final rites will be announced in due course.