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Sri Lanka fashion exports to UK expected to rise on tariff-free access
Yahoo Finance· 2026-01-12 20:26
The reforms to the UK's Developing Countries Trading Scheme means Sri Lanka fashion manufacturers can now source up to 100% of materials globally while maintaining zero UK tariffs. Plus, fewer processing requirements now apply, removing the previous rule that two significant manufacturing processes must take place in Sri Lanka. The liberalised rules also include the creation of an Asia Regional Cumulation Group of 18 countries applicable to all other exports from Sri Lanka. This enables Sri Lankan manuf ...