Mon, 06 Dec 2021 Today's Paper

Govt. to review ETCA and other trade agreements

15 February 2021 12:00 am - 0     - {{hitsCtrl.values.hits}}

A A A

  • Cabinet approval sought to review all the trade agreements
  • FTA with India has been in operation since March, 2000
  • The ETCA is an agreement initiated by the previous government

By Kelum Bandara 

The Economic and Technology Cooperation Agreement (ETCA) with India is among the bilateral trade agreements to be reviewed by the government to decide on the next step, a Minister said yesterday.   

 Trade Minister Bandula Gunawardane has sought Cabinet approval to review all the trade agreements, which Sri Lanka has already signed or to be signed and decide on further action.   


The ETCA is an agreement initiated by the previous government to increase trade and investment portfolio with India. The two sides held several rounds of bilateral talks both in Colombo and New Delhi. However, the agreement could not be concluded.   


Mr. Gunawardane told Daily Mirror that he submitted a Cabinet paper seeking approval to review all the Free Trade Agreements Sri Lanka had signed or proposed to be signed.   “The ETCA is also included in the list,” he said.   
An FTA with India has been in operation since March, 2000. The ETCA is meant to improve on it. Besides, Sri Lanka has already launched negotiations on a trade agreement with China. 

 
Commenting on the FTA signed with Singapore under the previous government, he said it would be reviewed taking into account the changes proposed by a committee that looked into it previously.     

 

  Comments - 0


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





A Sri Lankan giving dignified burials to unclaimed bodies for five decades

After their death, most people are memorialized at a service, surrounded by g

Focus on Laggala Gem mining big shots bigger than the law

The truth is now being uncovered regarding an illegal mining racket in state

How and why the TNA was formed twenty years ago

The Tamil National Alliance (TNA) is now twenty years of age. The premier pol

India lays emphasis on culture diplomacy with Sri Lanka

Indian Prime Minister Narendra Modi wanted to inaugurate the Kushinagar Inter