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‘Nepal keen on entering into FTA with Sri Lanka’
Minister of Export Development and International Trade Prof. G.L. Pieris delivering the keynote address on “Exports and Future Government Plans” at the National Chamber of Commerce of Sri Lanka said Nepal is keen on entering into an FTA with Sri Lanka.
Colombo agrees to address FTA fears
In a major development, Colombo has agreed to work out a permanent solution to Islamabad’s fears over the import of auto parts under the Free Trade Agreement between Sri Lanka and Pakistan. There are reports that India is going to invest in the auto sector in Sri Lanka under the India-Sri Lanka FTA. Islamabad fears that the auto parts to be made in Sri Lanka by India would be exported to Pakistan.
Investment agreement between Sri Lanka and Australia
The Investment Promotion and Protection Agreement between Sri Lanka and Australia came into force with effect from March 14 with the completion by the Australian authorities of its domestic procedures for the entry into force of the Agreement.
Sri Lanka and India in trade talks in Colombo next week
Sri Lanka and India will hold another round of trade talks in Colombo next week on liberalizing professional services, investments and trade in goods.
FTA with US will not help garment industry, says US trade specialist
A free trade agreement with the US will not guarantee a competitive advantage for Sri Lankan garments in the US, says a US trade law specialist.