Increasing by 5% annually due to growing apparel and textile exports.
Special Rates
Preferential Rate under US-Sri Lanka Agreements
0%
Subject to quantitative limits as per U.S. note 12(b); must meet origin criteria and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Adjusts Quantitative Limits on Sri Lankan Textile Imports
The U.S. government has revised the quantitative limits under U.S. Note 12(b) for textile imports from Sri Lanka, impacting specific HS codes related to apparel and fabrics.
October 15, 2023
Impact: This adjustment may restrict the volume of certain textile products Sri Lanka can export to the U.S., potentially affecting Sri Lankan exporters' revenue and market share.
Sri Lanka Seeks Review of U.S. Import Quotas
Sri Lankan trade officials have requested a review of the quantitative limits imposed by the U.S. under Note 12(b), citing economic recovery needs post-pandemic.
September 20, 2023
Impact: If approved, revised quotas could boost Sri Lanka's export capacity to the U.S., particularly in apparel sectors, strengthening bilateral trade.
Recent bilateral trade discussions highlighted compliance with U.S. Note 12(b) quantitative limits, with the U.S. urging stricter monitoring of Sri Lankan textile exports.
August 5, 2023
Impact: Increased scrutiny may lead to delays or reductions in shipments, posing challenges for Sri Lankan exporters under the specified HS codes.
Policy Updates
Update to U.S. Note 12(b) Quantitative Limits for 2023
The U.S. Customs and Border Protection announced updated quantitative limits for imports from Sri Lanka under specific HS codes as per U.S. Note 12(b), effective for the remainder of 2023.
