📈 FCCISL and Department of Commerce Partner to Drive $36 Bn Export Target

The Department of Commerce and the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) held a high-level consultation to strengthen public-private collaboration, aiming to achieve US$ 36 Bn in annual export earnings by 2030. • Key International Trade Highlights: • Preferential Market Access: Preferential trade schemes supported 41.35% of Sri Lanka's total exports in 2025, led by the EU GSP scheme. • EU Regulatory Preparedness: Exporters were advised to build technical and infrastructure capacity to lower MOAH levels in food products & packaging ahead of strict EU standards taking effect in January 2027. • US Market Compliance: Discussions focused on tariff adjustments and preventing trade circumvention by enforcing stricter origin verification and due diligence for Certificates of Origin. • China Market Expansion: Sri Lanka is exploring a proposal with Yunnan Province featuring 2,000 sq. meters of free bonded-warehouse/exhibition space, free e-commerce access, and expedited customs clearance for fresh/perishable exports. • Strategic Directions: • Public-private alignment with overseas Commercial Officers to support chamber trade activities through 2027. • Regional chamber preparation to ensure district-level Sri Lankan businesses meet global compliance standards.