Sri Lanka India trade talks to continue in Delhi

ECONOMYNEXT – Sri Lanka and India will hold negotiations on a proposed trade deal that will bring the economies of the two countries close in Delhi on September 29 and 30, following a visit by an Indian minister to Colombo this week.

India’s Commerce and Industry Minister Nirmala Sitharaman visited Sri Lanka on September 26-27, 2016 meeting Prime Minister Ranil Wickremesinghe, International Trade Minister Malik Samarawickrema, the Indian High Commission (embassy) in Colombo said.

Sri Lanka’s new administration wants to sign an Economic and Technology Co-operation Agreement (ETCA) with India, after an earlier Comprehensive Economic Partnership Agreement (CEPA) was blocked the ousted Rajapaksa following pressure from protectionist businesses.

The ETCA had also run into artisan guild style opposition from some IT workers and a doctors union who feel threatened their grip on consumers may loosen.

The administration has insisted that liberalizing the movement of workers is not part of the deal. (Colombo/Sept28/2016)

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