After eight rounds of silent negotiations, Sri Lanka has reportedly received a green signal from the U.S. on the contentious American tax talks, but the final deal remains shrouded in secrecy. Minister Wasantha Samarasinghe hints at breakthroughs, as 17 nations join the global push to reshape trade and tax pacts with Washington.
Sri Lanka is moving closer to a possible tax agreement with the United States, according to Minister Wasantha Samarasinghe, who revealed that discussions between the two countries have shown encouraging progress.
Speaking at a recent media briefing, Samarasinghe stated that Sri Lanka has held eight official rounds of discussions with American authorities concerning new tax frameworks currently being negotiated by the U.S. with several global partners.
He further emphasized that 17 countries around the world have already entered into talks with the United States regarding tax policy alignment and international trade duties. Some of these countries have already reached formal agreements, though the details remain undisclosed.
Sri Lanka, he noted, is among the nations engaged in the negotiation process and according to Samarasinghe, has received a positive response from the U.S. He referred to it as a “green light”, a diplomatic signal that suggests approval or acceptance of proposed terms.
However, the minister was quick to temper expectations.
“We have received a green signal. But until the negotiations are finalized, the details cannot be made public,” he said.
He explained that both the U.S. and Sri Lanka are working together toward concluding a mutually beneficial agreement, but stressed that the full scope of the deal will only be revealed once all technical and legal aspects are settled.
While specifics remain confidential, this announcement comes at a critical juncture as Sri Lanka seeks to stabilize its economy through enhanced global trade and tax cooperation. Analysts suggest that favorable terms from the U.S. could provide significant economic relief and open new avenues for investment and trade.
For now, Sri Lanka watches and waits as negotiations inch forward and citizens await the outcome of a deal that could reshape the country’s fiscal relationship with one of its most powerful trading partners.
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