SL may re-renegotiate Singapore free trade deal after study

10 November 2018 12:10 am - 0     - {{hitsCtrl.values.hits}}

A A A

ECONOMYNEXT: 


Sri Lanka may re-negotiate a free trade with Singapore for mutual benefit, after looking at an expert report and a Supreme Court ruling, newly appointed International Trade Minister Bandula Gunewardene said.


“Nothing will be stopped in a fit of hate without study,” Gunewardene told reporters. “We saw the effects of stopping the port city project with China which sent a bad message to investors.”


He said President Maithripala Sirisena had appointed a committee under W. D. Lakshman, a retired professor from the University of Colombo to study the Singapore Sri Lanka free trade deal.There was also an ongoing Supreme Court case.


“We will await the result of the Supreme Court case and the committee report which is due in a couple of weeks,” Gunewardene said.


“The report will be discussed with experts and knowledgeable persons 


in the field.” Then changes will be proposed through a Cabinet paper, he said.

 

He said the FTA will be changed to bring mutual benefits for both countries.


He said the Wickremesinghe administration had stopped the China-backed Port City sea reclamation project for 1.5 years and about 5,000 workers had lost jobs.
Contractors who supplied rock and sand could not pay the leases of their equipment and went bankrupt he said. 

 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

Doctors blame newborn for gash on her face

A baby born on September 21 at the Wathupitiwala Base Hospital in Gampaha has

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.