Apparel exporters urge quick action on Budget 2027 trade and investment measures

The Joint Apparel Association Forum (JAAF) has asked the government to move quickly on Budget 2027 measures aimed at cutting trade costs and encouraging investment. The industry body welcomed a proposed 200 percent allowance on qualifying capital spending by export-oriented manufacturers approved by the Board of Investment that invest at least US $ 3 million, but asked whether smaller manufacturers could qualify.

JAAF Chairman Felix Fernando said the budget gives exporters a constructive base and that implementation will deliver results. The association also sought details on the scope and timing of the National Single Window for Trade, which received Rs.1.99 billion in the budget, as well as clarity on VAT and cess proposals.

The JAAF reiterated its support for Sri Lanka's reapplication for EU GSP+ tariff preferences and welcomed a Rs.3.43 billion EU-funded project running from 2027 to 2030.