Sri Lanka aims for trade deal with UK before Brexit happens: Harsha
ECONOMYNEXT – Sri Lanka hopes to have a separate trade agreement with Britain by the time it leaves the European Union, giving the same kind of market access, Deputy Minister of Foreign Affairs Harsha De Silva said.
Sri Lanka also aims to have trade deals with several other countries by then, he told a forum on the impact of Brexit on business.
Ratification of Britain’s exit from the EU will take about two years, during which market access under existing preferential trade agreements will remain.
“I feel confident we’ll be able to move swiftly towards trying to get into some sort of agreement with the new British set up,” De Silva told the forum organised by the Shippers’ Academy Colombo.
Sri Lanka is also hoping to regain the GSP Plus agreement with the EU in the next 6-9 months, he said.
“By the time the UK leaves the EU we hope we’ll be able to have a different agreement giving us same duty free access,” De Silva said.
(COLOMBO, July 15, 2016)