Sri Lanka to sign ECTA with India by June this year

Business

Sri Lanka is to enter into Indo – Lanka Economic and Technology Co-operation AgreementECTA by mid this year while strengthening its free trade agreements with India and Pakistan, and negotiating an FTA with China, Minister of Development strategies and International trade Malik Samarawickrama, said.

He made this disclosure when he addressed the ‘Invest in East 2016’ International Investment Promotion Forum in Colombo Tuesday.

“With preferential access to both the Indian and Pakistani markets, Sri Lanka can act as a bridge for investors from both countries to penetrate each other’s markets” he added.

The government’s vision involves the private sector being the locomotive for growth and employment creation. Exports and FDI will be key pillars of the new model for increasing growth, employment and incomes, he said. (Bandula )

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