China-Sri Lanka signs Free Trade Agreement

China-Sri Lanka signs Free Trade Agreement China and Sri Lanka has signed a memorandum of understanding and agreed to establish a joint working group on trade to study the feasibility of a China-Sri Lanka Free Trade Agreement (FTA) and measures to enhance Sri Lankan exports to China, the government Information Department announced today.According to the government, a joint feasibility study on the proposed FTA was completed in March 2014 and concluded that the building of an FTA will bring benefits to both countries.Although Sri Lanka's exports to China have increased from US$ 28.39 million in 2005 to US$ 121.63 million in 2013, trade balance remains significantly in favor of China. Bilateral trade reached US$ 3.62 billion in 2013.Some of Sri Lanka's main export items to China include co...
Please or to Read More Entire Article

Related Tags

Related Article

Article by Same Author

In case you come across any suspicious activity, any suspicious movement or have any information to tell to the Anti-Terror Squad, please take a note of the new ALL INDIA TOLL-FREE Terror Help-line '1090'. Your city's Police or Anti-Terror squad will take action as quickly as possible. Remember that this single number 1090 is valid all over india. This is a toll free number and can be dialled from mobile phones also. Moreover, the identity of the caller will be kept a secret.

Please try to make aware each and every citizen of india about this facility.

Helpline 1090