Sri Lanka in successive trade deal talks with China, India, Singapore
ECONOMYNEXT – Sri Lanka will begin a series of talks on clinching free trade deals with China, India and Singapore starting next week, Minister of Development Strategies and International Trade Malik Samarawickrama said.
“Next week the Chinese delegation will be here to start talks on the Free Trade Agreement (FTA),” he told a news conference. “The week after that the Indian delegation will be here and towards end-august the Singapore delegation will be here.”
The government aims to enter into FTAs with India and Singapore by year’s end and with China early next year, Samarawickrama said.
“We went to get the best agreements, expand our export markets, and bring in new technology,” he said.
“The aim of the FTAs is to export as many products as possible from here into those markets duty free – to maximise the number of products through these negotiations – and to reduce what they want to send.”
(COLOMBO, July 26, 2016)