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Sri Lanka


Pakistan and Sri Lanka to expand the scope of free trade agreement
The trade agreement has opened central Asian countries adjacent to Pakistan to new Sri Lankan exports.
FTA: Pakistan, Sri Lanka for enhanced trade Ties
President Pervez Musharraf and President Mahinda Rajapakse of Sri Lanka on Friday agreed on improving their trade and commerce ties with specific focus on continuing Free Trade Agreement (FTA).
Vanaspati cools after edible oil import duty cut
The government move on lowering customs duty on edible oils for pushing down its prices has started yielding positive results. On the heels of getting a huge relief from reduced import duty on crude palm oil (CPO) from 45% to 20%, which serves as raw material of vanaspati, vegetable fat producers have slashed their product prices by Rs 4-5/kg.
EU warns Sri Lanka trade depends on rights record
The European Union has told Sri Lanka it has "very serious concerns" about civil war human rights abuses and that lucrative trade concessions could be at risk if they continue.
Sri Lanka could gain more in next phase of trade liberalization: study
A new study on a south Asian regional trade deal has said Sri Lanka will gain more in the next phase of liberalisation but the island’s private sector representatives have expressed scepticism about the outcome.
Sri Lanka: The cost of free trade
India’s Minister of Commerce was in Colombo last week. He had the usual few words to say about the benefits that are supposed to have accrued to pretty much everybody since the entry into force of the free trade agreement with Sri Lanka in 2000. Unfortunately, the story isn’t so simple. Taking a closer look at what has happened in practice would prompt even the most ardent believer to question the undoubtedly beguiling theory of free trade.
Sri Lanka negotiates more trade, investment deals
Sri Lanka is negotiating more free trade and investment deals with other countries to increase trade and foreign investment. Two rounds of talks were held in January with India and Pakistan on free trade and investment agreements while the first negotiations on an investment promotion and protection agreement with Kuwait was concluded on January 30. The Sri Lanka-Kuwait negotiations will be followed by negotiations on a Sri Lanka-Jordan Investment Promotion and Protection Agreement
Sri Lanka stops pepper exports to India under free trade deal
Sri Lanka has stopped exporting pepper under the Indo-Lanka Free Trade Agreement (FTA) because of restrictions imposed by India, a top exporter has said.
Sri Lanka, India set to finalize bilateral trade agreement
India and Sri Lanka may finalise discussions on a Comprehensive Economic Partnership Agreement this week
Duty cut on palm oil hits vanaspati units in Lanka
The reduction in customs duty of crude palm oil (CPO) by India has severely hit the 12 vanaspati units set up by Indian companies in Sri Lanka to take advantage of the low duty on CPO there and export duty-free to India under the free trade agreement quota.
India, Sri Lanka aim to broaden free-trade agreement
Discussions on a Comprehensive Economic Partnership Agreement have been inconclusive for about three years as India seeks to restrict the export of pepper and hydrogenated vegetable oil from Sri Lanka, which is concerned about jobs being lost to Indians.
Sri Lanka should make better use of existing trade deals: experts
Trade analysts say that Sri Lanka should make the most of existing trade deals like the Bay of Bengal Initiative before negotiating more bilateral and multilateral agreements.
India, Lanka trade pact by October
India and Sri Lanka have decided to sign a Comprehensive Economic Partnership Agreement (CEPA) by October this year for augmenting mutual trade and investment, Minister of State for Commerce Jairam Ramesh said Thursday.
Government announces tariff reductions
Pakistan has announced tariff reduction on the import of 6936 items under five bilateral and regional trade agreements.
India turns wiser on bilateral trade pacts
Just two bilateral free-trade pacts behind it and a handful of them under negotiation, India has turned wiser. India and Thailand have come to differ on how to progress the 2004-born free-trade arrangement between them. New Delhi wants further liberalisation to happen simultaneously on trade in goods, services and investment.
FTA with Pakistan likely to boost tea exports
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).
Sri Lanka to announce FTA with India by March ’08
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.
TDAP, Sri Lanka trade board to ink MoU
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).
FTA to help promote Pak, Lanka trade ties
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, Sri Lanka negotiating CEPA
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.