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Sri Lanka to further delay trade agreement with India
Sri Lanka is expected to delay the decision to sign a comprehensive trade agreement with India that would encourage bilateral trade, a top government official said on Tuesday.
Sri Lankan private sector to import entire basmati rice quota from Pakistan
Sri Lanka has agreed to import its entire basmati rice quota of 6,000 tonnes from Pakistan under the Free Trade Agreement (FTA) through the private sector from 2012.
’Move forward’ on CEPA, add services, investment : Pakistan HC
’Moving forward’ on a Comprehensive Economic Partnership Agreement (CEPA) between Sri Lanka and Pakistan which also goes beyond only trade in goods outlined in the existing bilateral Free Trade Agreement (FTA), into services and investment promotion, will boost trade between both countries, according to Seema Ilahi Baloch, High Commissioner for Pakistan in Sri Lanka.
Strong Lankan campaign against CEPA agreement begins today
A spokesman for the anti-CEPA group, Managing Director Multichemi Group Samantha Kumarasinghe said that CEPA is bound to cause serious harm to Sri Lanka. According to him the Indian authorities have consulted around 1000 Indian economists on CEPA. But in Sri Lanka’s case it was the opposite, he alleged.
Prospect for a Free Trade Agreement (FTA) between Sri Lanka and Japan has come under discussion at bilateral level
Given the strong economic, political and cultural ties shared by the two countries an FTA to further bolster bilateral trade had been a topic during a meeting between Japanese Ambassador Kunio Takahashi and Minister of Industry and Commerce Rishad Bathiudeen.
Indo-Lanka CEPA deadlock ends
The Sri Lankan government has broken an impasse over the Comprehensive Economic Partnership Agreement which has been dragging for several years, and decided to renegotiate some sections of the proposed agreement with India.