ISDS Case Map
Sri Lanka
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.
