Strong testament to govt.’s commitment to supporting export-driven sectors: CRTA

Harin de Silva - Chairman

The Colombo Rubber Traders’ Association (CRTA) extends its heartfelt appreciation to the Government of Sri Lanka for its successful diplomatic and trade negotiations leading to the reduction of import tariffs on rubber product exports from Sri Lanka to the United States—from 30 percent to 20 percent.

This significant development marks a milestone for the rubber industry and is a strong testament to the government’s commitment to supporting export-driven sectors and enhancing Sri Lanka’s global trade competitiveness.

This tariff reduction will opens new doors for Sri Lankan rubber manufacturers and exporters. It will strengthen Sri Lanka’s position in the U.S. market, improves price competitiveness, and offers renewed optimism for growth, investment, and job creation across the rubber sector.

The Association commends the Ministry of Trade, the Ministry of Foreign Affairs, and all relevant departments whose coordinated efforts and persistent advocacy were instrumental in achieving this outcome. It is a clear demonstration of what can be accomplished when government and industry work hand-in-hand toward shared national economic objectives.

As one of Sri Lanka’s cornerstone export sectors, the rubber industry is poised to take full advantage of this opportunity by further enhancing product quality, sustainability, and market reach. The CRTA reaffirms its commitment to working closely with the government to build a resilient and globally competitive rubber industry.

The Colombo Rubber Traders’ Association, established in 1918, is one of the oldest commodity associations in Sri Lanka and represents stakeholders across the rubber value chain including producers, brokers, buyers, exporters, and manufacturers.