India-Sri Lanka ETCA may soon be a reality
The Dollar Business Bureau The India-Sri Lanka Economic and Technology Cooperation Agreement (ETCA), which is an upgrade over the two countries’ existing Free Trade Agreement (FTA), could soon be a reality. “It is up to Sri Lankans themselves to decide on the contours of any agreement that they sign with a foreign country,” India’s High Commissioner in Colombo Y K Sinha said on the occasion of the 70th Independence Day. “However, there has to be “genuine debate and discussion” among stakeholders in Sri Lanka,” he said. Referring to the latest rounds of discussion over the pact in Colombo Sinha hoped that the agreement, once formally inked, would benefit the two neighbours. “It will be a win-win situation for all,” he remarked. India’s bilateral trade with Sri ...
India to move at Lanka's desired pace on ETCA
The Dollar Business Bureau India said on Thursday that it is ready to move at the pace at which Sri Lanka is capable in the proposed ETCA (Economic and Technology Cooperation Framework Agreement), which would highly benefit the island nation in sectors such as technology, IT, vocational training and tourism. While addressing the 8th annual general meeting of Indo-Lanka Chamber of Commerce in Colombo, YK Sinha, High Commissioner of India said that the first round of talks would start soon.“India was prepared to move at a pace which Sri Lanka is comfortable with and address Sri Lankan concerns as well as take measures to facilitate Sri Lankan exports to India,” Sinha said. Sinha said, “As proposed by Sri Lankan Prime Minister Ranil Wickremesinghe, ETCA would put emphasis ...
India, China to get SEZs in Sri Lanka to set up industries
The Dollar Business Bureau Special Economic Zones (SEZs) will be allotted to India and China for establishing industries in Sri Lanka, Malik Samarawickrama, Sri Lankan Minister of International Trade and Strategic Development said on Tuesday. “Indians will be setting up pharmaceutical and auto parts industries in their zone. The Chinese have asked for 55 sq km (15,000 acres) of land in the Hambantota area in the Southern Province for their zone, and we are in the process of acquiring the land. When developed, this area will generate one million jobs,” Samarawickrama told journalists in Colombo. The location for the SEZ to be allotted to India is still to be finalised. A delegation from India will be visiting the country next week to start discussions on ...
India-Lanka ETCA to benefit all: Indian envoy
The Indian envoy has come under fire from the opposition and professional groups who even suggested that he be expelled for his ETCA favoured comments Source: PTI India has been given only the outline of the ETCA agreement and proper negotiations have not yet commenced India has received the draft framework on the proposed Economic and Technology Corporation Agreement with Sri Lanka and is still studying it, the Indian envoy said in Colombo on Saturday, underlining that the deal will benefit both the countries. "Last week we have received the draft of the agreement prepared by Sri Lanka. India is currently studying it and a response will be sent," Indian High Commissioner (Ambassador) Y K Sinha said during a visit to the central ...
