Lankapage Logo CP 17 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka, Bangladesh consider a free trade agreement
Mon, Jan 9, 2017, 01:37 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 09, Colombo: Sri Lanka and Bangladesh have discussed signing a free trade agreement between the two countries when the new Bangladesh High Commissioner Riaz Hamidullah called on Sri Lanka's Finance Minister Ravi Karunanayake at the Finance Ministry on Friday.

The discussion was centered on the benefits to be tapped by both countries from a regional trade agreement.

Bilateral trade between Bangladesh and Sri Lanka was only $76 million in 2015-16, of which Bangladesh's import was $45.55 million and Sri Lanka's $30.45 million. Sri Lanka's exports to Bangladesh have seen a steady increase in the past five years.

During the discussion it was noted that the implementation of the proposed trade agreement would be easier due to the close geographical locations of the two countries in the Asian region. Accelerating naval links between Chittagong of Bangladesh and Colombo would also help implement this agreement successfully, the state newspaper Daily News reported.

Strategies to minimize the impact on the economies of the two countries due to looming economic depressions were also discussed during the meeting.

Meanwhile the Bangladesh High Commissioner has said that Sri Lanka and Bangladesh, as leading apparel manufacturers could be able to work together to further expand their exports to new foreign markets.

 


ColomboPage - Recent 10 Stories ::
Death toll from bad weather in Sri Lanka rises to 91, 110 missing, tri forces launch massive search & rescue operation
-- [6 minutes ago]
Hertz, Dollar and Thrifty launch in Sri Lanka
-- [52 minutes ago]
India offers scholarships to children of Sri Lanka estate workers
-- [1 hour and 22 minutes ago]
Sri Lanka Navy ships Sagara and Nandimithra return home on completion of Singapore visit
-- [7 hours ago]
Sri Lanka state-owned retail chain Lanka Sathosa will not be sold, Minister assures
-- [7 hours ago]
Heavy rains in Sri Lanka cause havoc with floods, landslides, claim 23 lives
-- [8 hours ago]
Subdued performance in Sri Lanka's external sector as trade balance widens substantially in February 2017
-- [9 hours ago]
Iran, Sri Lanka sign 2 MoUs on science, technology cooperation
Sri Lanka's Mackly Sleepwear introduces first ladies' sleepwear collection
Sri Lanka culinary show at the Embassy Chef Challenge in Washington

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.