ECONOMYNEXT – Sri Lanka will remove para-tariffs, such as cess and the port and airport development levy, as part of tariff reform in 2026, the deputy minister of industry has said.
“Sri Lanka is preparing for the largest and most decisive shift in its economic transformation, with a new tariff policy set to be implemented in 2026 to better integrate our economy into global value chains,” Chathuranga Abeysinghe said on social platform X.
“Under this reform, para-tariffs such as Cess and PAL will be removed, and the country will transition to a new import tariff framework consisting of four main categories.”
Abeysinghe’s statement came after a third round of discussions with World Bank representatives Richard Walker and Anna Twum.
They are providing technical assistance to Sri Lanka for this reform, he said.
The discussion also focused on the establishment of national standards for imported goods, and the necessity of prohibiting the import of under-invoiced and low-quality products.
Sri Lanka is preparing for the largest and most decisive shift in its economic transformation, with a new tariff policy set to be implemented in 2026 to better integrate our economy into global value chains.
Under this reform, para-tariffs such as Cess and PAL will be removed,… pic.twitter.com/ytArjoJBrx
— Chathuranga Abey (@Chathurangaab) February 10, 2026
The new tariff policy is a prerequisite for enhancing Sri Lanka’s competitiveness in the export sector and for enabling the country to enter into international trade agreements, Abeysinghe said. (Colombo/Feb10/2026)