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.
India seems close to crossing another milestone on its journey towards becoming the world’s small car manufacturing hub. Made-in-India small cars in this case, to be defined as powered by a heart smaller than 1300cc is soon expected to get an easier passage into Sri Lanka, under an expanded free trade agreement (FTA).
A majority of Indian secondary copper smelters based in Sri Lanka are winding up their operations in that country because of economic problem as well as threat perception over local environmental issues.
A high level team of Indian trade officials will arrive in Sri Lanka next week to finalise the quotas for cooking oil and bakery shortening exported from Sri Lanka to India, says the Secretary to the Sri Lankan Ministry of Trade, R.M.K. Rathnayaka.
India has warned Sri Lanka that it will not proceed with the comprehensive economic partnership agreement (CEPA) until Sri Lanka puts a check on its copper, pepper and vanaspati exports to the country.
Even as vanaspati imports from Sri Lanka continue to be a contentious issue, it has now come to light that the island country is yet to notify the second phase of tariff liberalisation under the bilateral free trade agreement (FTA) with India.
Sri Lanka has mooted a free trade agreement (FTA) with Bangladesh citing its positive experience with the ones it has signed with India and Pakistan.
Shri Kamal Nath, Union Minister of Commerce & Industry, has said that imports under the bilateral Free Trade Agreement (FTA) should not adversely affect the domestic industry. Rather, such an engagement should be a win-win situation bringing economic benefits to both sides. The Minister said this in the context of vanaspati imports under the Indo-Sri Lanka FTA, when the issue was raised by Mr. Jayaraj Fernandopulle, Minister for Trade, Commerce, Consumer Affairs and Highways, who called on him here last evening.