Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka expects to increase exports earnings to US$ 20 bn by 2020
Sat, Jul 8, 2017, 08:00 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 08, Colombo: Sri Lanka's State Minister of International Trade Sujeewa Senasinghe says the government expects to raise the exports earnings to US$ 20 billion by 2020 from current US$ 11 billion.

State Minister Senasinghe said the government is trying to enter into Free Trade Agreements with five countries including China, Thailand, and Singapore.

"Itís a tipping point for our country. We are in a very crucial time. We put a good platform. On this solid platform we are trying to sign five free trade agreements, with China, India, Thailand, Malaysia and Singapore."

He expressed these views while participating in the inauguration of the Thai Week Trade Exhibition at the Bandaranaike Memorial International Conference Hall (BMICH) yesterday.

The Minister further said that with the FTAs Sri Lanka will able to open a market of about 2.5 billion. "We are going to make Sri Lanka the gateway to South Asia and even South East Asia," he said.

The Minister said 3,000 acres are being developed as industrial zones to facilitate the trade under the trade agreements.

"We want Sri Lanka to be a manufacturing hub. Our exports are US$ 11 billion and our target is US$ 20 billion by 2020."

Minister Senasinghe highlighted that on the good governance foundation Sri Lanka got the fisheries ban lifted and regained the European Union's GSP+ facility.

"On this foundation Sri Lanka can be a very prosperous county in the future," the Minister stressed.

 


ColomboPage - Recent 10 Stories ::
Iran, Sri Lanka speakers discuss expanding bilateral ties
-- [7 hours ago]
Sri Lanka's main concern is achieving a sustainable future - President
-- [9 hours ago]
Sri Lanka to lead the Commonwealth Center for Digital Health
Interpol red notice for Sri Lanka's former Central Bank governor
Great Place To Work® ranks 99X Technology among Asia's Best Workplaces for 2018
Sri Lanka should push ahead with reforms as economy remains vulnerable to adverse shocks - IMF
Indian Cultural Centre presents an evening of instrumental music by Soundarie David Rodrigo & ensemble
UNDP supports Sri Lanka to 'Build Back Better' after natural disasters
Minister instructs Mirissa hoteliers to obtain SLTDA registration
Bank of Ceylon records Rs. 54 billion ATM/CDM transactions this during New Year festive season

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.