Business
JAAF welcomes government’s swift actions on US reciprocal tariff impact
The Joint Apparel Association Forum (JAAF) commends the Sri Lankan Government for its prompt response in establishing a working group to assess the economic impact of the Reciprocal Tariff imposed by the United States. As the apex body representing both large and small players in the textile and apparel industry, JAAF fully supports this initiative and is honored to contribute to the discussions.
The committee, which includes key industry stakeholders, is currently formulating a strategic plan to mitigate potential disruptions. This plan will be presented to His Excellency the President later today. Given the urgency of the situation, swift and decisive action is critical to safeguard Sri Lanka’s apparel sector and broader economic stability.
JAAF is confident that, with the leadership and support of His Excellency the President, timely decisions will be made to address this challenge and ensure the continued resilience of the industry.