Tue, 05 Mar 2024 Today's Paper

Inking FTAs only after adopting trade policy: Bandula

23 November 2018 06:22 am - 7     - {{hitsCtrl.values.hits}}

A A A

The new government will sign Free Trade Agreements (FTAs) with other countries only after the adoption of a national trade policy, International Trade Minister Bandula Gunawardane said yesterday.

He told Daily Mirror that he submitted a Cabinet memorandum seeking approval to appoint a committee to study this matter and make recommendations to formulate a national trade policy.

“FTAs will be signed only after the national trade policy frame is approved. It is a requirement stipulated by the World Trade Organisation (WTO) to be considered by any country in striking a bilateral trade agreement. The policy will apply to the Economic and Technology Cooperation (ETCA) agreement to be signed with India. When signing a bilateral trade agreement, it has to be a win-win situation. The previous government had adopted a trade policy detrimental to the interests of local industries. It appeases foreigners only,” he said.

When asked about the FTA with Singapore, he said the commission, appointed by President Maithripala Sirisena to evaluate it, would submit its full report later. “Once that is done, we will move forward,” he said. (Kelum Bandara)


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

  Comments - 7

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • nsathees Friday, 23 November 2018 07:57 AM

    what ever, but wait till Dec 7th.

    Sunil Friday, 23 November 2018 08:00 AM

    A shameless man and awful statement. As represented an illegal govt to date. I think only a handful African say a one or two states are equal to this gang and cabinet.

    Sofia Friday, 23 November 2018 08:36 AM

    So you will not change the FTAs that you criticised so much but only delay and possibly change an insignicant clause to say you changed it. We know how you change kabaraya to thalagoya overnight to fool the undiscerning..

    Dinga Friday, 23 November 2018 09:10 AM

    You did talk about US $ rate vs. Rs., the hell first fix it, it is increasing even a higher rate.

    sas Friday, 23 November 2018 10:49 AM

    A shameless man.

    Ugly Lips Friday, 23 November 2018 11:09 AM

    Play with Rs. 2500, and sleep well. Please help us to stop increasing $$.

    tommy Saturday, 24 November 2018 05:04 PM

    This man is talking bs. If we have to increase exports then we must sign more and more FTAs with other countries.


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





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

Building the Future: Rhino Roofing Products Celebrates Win for Revolutionary RBS Cement Panels

Rhino Roofing Products Limited is delighted to announce that its innovative R

RTI reveals… Budget allocated to conduct one election in 2024

The Presidential and General elections are two much anticipated events in Sri

Sri Lanka’s War with Elephants

The discovery of an elephant carcass in Giribawa on February 6 raised the tot

“Govt. tax policies are based on deals” -Dr. HariniAmarasuriya

National People’s Power or NPP, the major alliance of JanathaVimukthi Peram

MIRROR CRICKET

More