Indo-Lanka Trade Agreement to cover IT and maritime services

Indo-Lanka Trade Agreement to cover IT and maritime services

Indo-Lanka Trade Agreement to cover IT and maritime services

Written by Tharushan Fernando

18 Jan, 2016 | 10:02 pm

Convening a media briefing on Monday Jan. 18 at, the Ministry of Development Strategies and International Trade expressed views on the proposed Indo-Lanka Trade Agreement.

Minister of Development Strategies and International Trade, Malik Samarawickrama, noted that the trade agreement is currently being discussed and there seem to be no issues. He added it must be understood that India has a population of 1.25 billion while Sri Lanka only caters to the needs of 700 million people.

State Minister of International Trade, Sujeewa Senasinghe, noted that an agreement that only gives Sri Lanka an advantage cannot be signed but said that this agreement works in the favor of both nations.

When questioned on the service agreement Minster Samarawickrama noted that only two service agreements are being discussed: the ship dealing maritime services and IT services. He added that a plan will be formulated by the end of the month, following which it will be signed as soon as possible. This might only be done closer to the month of July 2016, he stated. The minster also confirmed that this does not involve the medical and legal sectors.

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