Indo-Lanka trade booms in Delhi’s favour

9 January 2012 06:35 pm - 1 - {{hitsCtrl.values.hits}}

A A A

The volume of bilateral trade between Sri Lanka and India during the first eleven months of last year had reached US$4.46 billion, an increase of 71.94 per cent when compared with the corresponding period of the previous year, an official said yesterday quoting Sri Lanka customs data.

But of this India’s exports to Sri Lanka amounted to US$3.97 billion. During this period, Sri Lanka’s exports had grown by 15 per cent while India’s exports had grown by 85 per cent.
He said 70 per cent of trade between the two countries took place outside the Free Trade Agreement (FTA).

“This means that this percentage takes place outside the duty-free tariff regime. Sri Lanka imports numerous items from India because it is competitive,” the official said.

Meanwhile, Commerce and Industries Minister Rishad Bathiudeen will attend the Partnership Summit in Hyderabad from January 11 to 13. On the sidelines of the summit, the minister is expected to interact with his Indian counterpart and hold bilateral talks trade between the two countries.

Indo-Lanka talks continue to be held from time to time on the Comprehensive Economic Partnership Agreement (CEPA) which is still to be signed. (Kelum Bandara)

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 - 1

Sampath Tuesday, 10 January 2012 07:22 AM

this is sad. we should be importing from friendly countries like pakistan which have constantly supported the plight of poor innocent suffering muslims around the world.

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.

Indo-Lanka trade booms in Delhi’s favour

Comments - 1

Add comment

RECOMMENDED

How and why the TNA was formed twenty years ago

India lays emphasis on culture diplomacy with Sri Lanka

Bittersweet memories of a ‘City that never slept’

Revisiting the Attack on Thirukumar Nadesan in India

Spotlight on Attorney General’s Department and Public Service Commission

How a 19-year-old TikToker is helping bring back the Woolly Mammoth!

Unmasking Sri Lanka’s Pyramid Parasites

Most Viewed in News

Health guidelines to be followed from Oct. 16 -31 issued

Gazette banning chemical fertilizer imports; a move on wrong advice Agri Ministry Secretary

Govt. approves cattle slaughter ban

Stop gatherings as Sri Lanka goes on alert over Delta Plus

Sri Lanka denies allegations over participation at Dubai EXPO

Dr. Prasanna Gunasena quits as SPC Chairman?

TODAY'S HEADLINES

Reopening of schools Teachers’ attendance best in north

Why was the law not implemented against Indian fishermen in the past - Fisheries Minister

SL booster dose rollout begins from Chinese Nationals

Mahindananda reiterates imported potassium fertiliser not chemical

MIRROR CRICKET

England take early T20I series lead over Sri Lanka

New Zealand clinch World Test title

LPL 2nd edition from July 30-August 22-SLC

Sanath Jayasuriya signs as coach at Melbourne cricket club Mulgrave

Team Preview: Power-packed West Indies primed for title defence

Team Preview: England - batting powerhouse with question marks over bowling

Team Preview: Proteas must hit the ground running in challenging group

Team Preview: Australia hope returning stars can reverse T20 woes