Ranil Wickremesinghe India Sri Lanka president economy Department Ranil Wickremesinghe India Sri Lanka

Sri Lanka – India FTA to be revived; Intl Trade Office in Sri Lanka

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COLOMBO (News 1st); President Ranil Wickremesinghe said that Sri Lanka – India Free Trade Agreement would be revived and upgraded into a comprehensive economic and technological partnership.The President noted that he would establish an international trade office which will deal with all the international trade negotiations.He pointed out Sri Lanka and India gradually have to wean themselves out of the barriers to investment and the non-tariff barriers to trade specially in relation to Sri Lanka Indo economic relations.He made these observations addressing the Sri Lanka India Society (SLIS) get together held at the in Colombo on Thursday (15) evening to mark the 75th anniversary of independence of India."We will revive and upgrade the Free Trade Agreement into a comprehensive economic and technological partnership.

We started that in 2018 and 2019. Then I found recently that it has been stuck somewhere in the department of Commerce with a large number of committees.

I didn’t know why it was necessary. At that time, I asked the then minister, Mr. Malik Samarawickrama to negotiate it, and we didn’t have very many things.

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