The Sri Lankan High Commissioner in Pakistan said this week that the potential to expand trade between the two countries will be facilitated by the recently inked Free Trade Agreement (FTA).
The proposed free trade Agreement (FTA) between Sri Lanka and India
can become a reality by March 2008. It would trigger trade between the two countries and offer opportunities to exploit potential in service sectors such as finance, tourism, health and education, said CII Southern Region Chairman P K Mohapatra on his return from Colombo on Friday.
The Trade Development Authority of Pakistan, (TDAP) and the Sri Lanka Trade Development Board (SLTDB) will sign a memorandum of understanding (MoU) to facilitate rapid increase in trade between Pakistan and Sri Lanka under the Free Trade Agreement (FTA).
Pakistan and Sri Lanka have great potential to expand their trade relations which will be supplemented by the Free Trade Agreement (FTA) between the two countries. This was stated by Dr S B Dorakunbura, High Commissioner of Sri Lanka to Pakistan, at a meeting with Tanvir Ahmad Sheikh President, FPCCI, at the Federation House, Karachi, on Saturday.
India and Sri Lanka are working on upgrading their economic relations through a Comprehensive Economic Partnership Agreement that would expand the existing FTA to include trade in services and encourage investment.
Sri Lanka last week entered into an economic cooperation agreement with Israel.
Minister of Export Development and Internal Trade Prof. G.L.Peiris inaugurating a program on the Indo Lanka Free Trade Agreement in Kochi said that it is high time that inhibitions and apprehensions about Sri Lanka were shed. Sri Lanka is an ideal investment destination in South Asia. Investing in Sri Lanka would mean better access to the huge European Union market which does not charge duty on over 200 goods from Sri Lanka.
In a bid to review the functioning of India-Sri Lanka Free Trade Agreement (FTA), a join delegation over FTA is going to be organized the Kerala Chamber of Commerce and Industry and Sri Lankan Government.
A proposed free-trade deal between Nepal and Sri Lanka could boost trade but analysts say there is more potential for service liberalization.
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.
In a major development, Colombo has agreed to work out permanent solution to Islamabad’s fears over the import of auto parts keeping in view the likely investment by India in Sri Lanka, a government official told The News.
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.
An Indian trade delegation is due in Colombo next week for talks aimed at firming up bilateral trade which will include professional services, investments and trade in goods, officials said.
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 will hold another round of trade talks in Colombo next week on liberalizing professional services, investments and trade in goods.
Pakistan has not been able to take the desired advantage from the two Free Trade Agreements with Sri Lanka and China.
The ministry of commerce on Friday claimed that after the enforcement of the Pakistan-Sri Lanka Free Trade Agreement, bilateral trade has doubled, without giving any figures in this regard.
The first meeting of joint committee, of Pak-Sri Lanka Free Trade Agreement held here on Friday which reviewed the progress of the agreement. The joint committee was established under article 11 of Pak-Sri Lanka Free Trade Agreement.
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.
Sri Lanka is to tackle non tariff barriers (NTBs) faced by Sri Lankan exporters using the Indo-Lanka Free Trade Agreement (FTA) at January trade talks in New Delhi.