India and Sri Lanka are on the threshold of a Comprehensive Economic Partnership Agreement (CEPA), Sri Lankan Minister of Trade, Commerce and Consumer Affairs, Jeyaraj Fernandopulle said Friday.
Bilateral trade between India and Sri Lanka has grown by 128% after the free trade agreement (FTA) became operational in March 2000.
A delegation of members of the Southern Region Office of the Confederation of Indian Industry (CII) representing a variety of business enterprises called on Foreign Minister Lakshman Kadirgamar at the Ministry of Foreign affairs on August 31.
Sri Lankan Minister of Trade and Commerce and Consumer Affairs, Jeyaraj Fernandopulle concluded his four day visit to the US moving forward the bilateral trade and investment agenda.
The United States says it is keen to pursue a trade pact with Sri Lanka and agreed to meet in October to iron out issues.
A four-member Pakistani delegation will visit Sri Lanka from June 3 to June 10 to finalise the Free Trade Agreement (FTA) with the government of Sri Lanka and to attend the third meeting of the Committee of Experts (COE) on carrying forward the South Asian Free Trade Area (SAFTA) process.