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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka Apparel Industry to Gain From US-China Trade war- CB-Governor

Sri Lanka Apparel Industry to Gain From US-China Trade war- CB-Governor

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Miss-Sangeetha

Miss-Sangeetha
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The apparel industry, which is Sri Lanka’s primary export earner, is set to gain impetus from the US market, due to the ongoing trade war happening between the two economic giants.
“For the moment trade war has actually created some opportunities. Our apparel exporters have picked up some orders from the US and we have seen one or two investors who are reconsidering their supply chain looking at Sri Lanka. 

We expect that momentum may well pick up after our elections at the end of the year,” Central Bank governor Dr. Indrajit Coomaraswamy said whilst speaking exclusively to Bloomberg Markets: Asia.
But having said that Coomaraswamy noted that if the trade war escalates and there is an elevation of the outcome and if there is a big impact on the growth then it will hurt Sri Lanka like everybody else.
Source-Adaderana

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