India-Lanka discuss FTAs, investments for enhanced trade
Sai Nikesh | The Dollar Business India and Sri Lanka on Thursday, discussed various economic issues towards addressing trade imbalance and enhancement of economic cooperation between the two countries. In a Commerce Secretary level interaction that was held as a third round of discussion, followed by the one in June 2013 in Colombo and the other in January 2014, both the sides discussed key issues like India-Sri Lanka Free Trade Agreement (FTA), non-tariff barriers, upgrading of economic engagement including investments and services, among others related to bilateral trade. Both the sides also agreed upon the expansion of bilateral trade by utilizing the optimal opportunities and resources available with the two economies. The Indian side reiterated its commitment saying the ...
Indo-Lanka talks to focus on infrastructure sector amongst others
Sai Nikesh | The Dollar Business India and Srilanka on Monday discussed economic cooperation, maritime security and bilateral investments, besides other aspects of bilateral relations and international issues. According to an official release, while expressing his support for a more balanced growth in trade between the two countries, the Prime Minister of India was quoted to have said, “President and I are committed to unlock the vast potential of our economic cooperation with Sri Lanka.” The PM expressed the Government of India’s readiness for furthering India’s investments in Sri Lanka and improved air connectivity to foster tourism ties with the island nation. Besides these, the Civil Nuclear Cooperation Agreement between the two nations has drawn the special attention and this ...
Sri Lanka asks India to set-up a FIU to trace illegal funds
The Dollar Business Bureau According to the latest reports, Indian Prime Minister Narendra Modi is going to visit Sri Lanka in March, marking the first visit of an Indian PM in over 25 years. This visit of Modi is scheduled after a month after the visit of Sri Lanka's newly elected President, Maithripala Sirisena, to New Delhi in mid-February. Modi, during his upcoming visit is expected to travel across Sri Lanka, including to the North, where India has its own infrastructure initiatives in place, including a project to build 50,000 houses for war-displaced people, say the sources. Relations between Sri Lanka and India seems to have picked up pace after the new president took over chair in the island nation. According ...
