Govt. to review FTA with China : Malik

7 June 2018 08:58 am - 7     - {{hitsCtrl.values.hits}}


The Sri Lankan government will hold ministerial level talks with China to review and iron out contentious issues in the proposed Free Trade Agreement (FTA) between the two countries, Development Strategies and International Trade Minister Malik Samarawickrama said.

He told Daily Mirror yesterday he would seek a meeting either in Beijing or here in August to discuss how to proceed with the FTA with China.

"We have made representations to the Chinese government and are awaiting its response," he said.

The FTA was initiated by the Rajapaksa regime. The two sides also appointed negotiating teams. However, there was a change after the new government took office in 2015.

Sri Lanka has already pledged its support to China’s Belt and Road initiative. The government recently signed a FTA with Singapore and had held several rounds of talks with India for an Economic and Technology Cooperation Agreement (ETCA) . (Kelum Bandara)

  Comments - 7

  • Lord Wolfstein Thursday, 07 June 2018 10:07 AM

    China’s Belt and Road initiative will not benefit other countries. The only beneficiary would be China by selling low quality rubbish to the world.

    Gajamuthu Thursday, 07 June 2018 10:14 AM

    Under the influence of waning western powers and their lackeys hope this govt will not destroy our relations with China.

    Nilame Thursday, 07 June 2018 10:25 AM

    FTA with Singapore, mainly benefiting them and having several negative impacts to us therefore it must be revised before implementation.

    Jude Thursday, 07 June 2018 11:23 AM

    Hey Malik, even Americans or EU cant get a favorable Trade deal from China!!?? Moreover, President Trump going to impose Tariffs to somewhat reduce the 375 billion dollar trade deficit with China and it's Counterproductive!!!??

    bandara Thursday, 07 June 2018 12:37 PM

    Malik, you say Sri Lankan experts, they may not be experts in world norms. Therefore, Sri Lanka will lose again through FTA because of 1. Our people travel

    Rohan Thursday, 07 June 2018 03:46 PM

    I wonder whether this Malik has a team of people who are knowledgeable in international trade practices?

    Ajja93 Thursday, 07 June 2018 07:16 PM

    Sri Lankans has to show even deeds to get visa to China, How we can think about FTA with China, We should not even think about FTA with China

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