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Commerce Dept: No intention to hide facts in CEPA

Sunday Times, Sri Lanka

Commerce Dept: No intention to hide facts in CEPA

15 August 2010

The Government has no intention to hide the facts in the proposed Comprehensive Economic Partnership Agreement (CEPA) between India and Sri Lanka and all the details will be made public before agreement is signed, a senior official said. The Commerce Department is in the process of preparing the document and it will be available to the public after its completion, Commerce Department Director General Gomi Senadhira told the Business Times.

He said they are still not in a position to publicise it as yet since the draft document is incomplete but will consider all stakeholder suggestions, before finalizing the agreement. Mr Senadhira said the Department has already held several rounds of talks with trade and commerce chambers and business forums, and the private sector consultation process is still continuing. The governments of India and Sri Lanka are keen to go ahead with CEPA as the decision has been made at the highest level not to expand the Indo –Lanka Free Trade Agreement.

At a time when global players are investing in India to leverage their synergies with them, including services, CEPA can only be a win-win situation for both India and Sri Lanka, Mr Senadhira said.