Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* President appoints expert committee to study Sri Lanka-Singapore FTA
Sat, Aug 11, 2018, 08:02 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 11, Colombo: Sri Lankan President Maithripala Sirisena has appointed an expert committee to study Sri Lanka - Singapore Free Trade Agreement and to submit a report to him within two months.

The President has appointed this committee after considering the views expressed to the President by various parties regarding the agreement.

Former Vice Chancellor of the University of Colombo, retired Economics Professor W.D. Lakshman has been appointed as the Chairman of the Committee.

The other members of the Committee are former Professor of Economics at the Sri Lanka Open University Sirimevan Colombage, former Professor of Economics at Kelaniya University Ajitha Tennakoon, Independent Consultant Dr. Sanath Jayanetti and former Assistant Governor of the Central Bank R.A. Jayathissa.

Accordingly the committee will study Sri Lanka - Singapore Free Trade Agreement and its practical impact. It is also expected to get recommendations to prepare policies for a future Sri Lanka Trade Policy.

The subjects of the committee includes studies on the impact of the FTA on service sectors, Sri Lanka's social and economic situations and on people's living conditions.

The committee is open to all parties to submit their ideas and suggestions on the Sri Lanka-Singapore FTA.

The President will look into the progress of the Expert Committee periodically through interim reports and the final report is expected to be submitted within two months.

The state sector doctors' trade union Government Medical Officers' Association (GMOA) is vehemently against the Sri Lanka-Singapore FTA alleging that the contents of the agreement had not been disclosed to the Cabinet and the country and that there were regulatory issues in various employment sectors without the necessary safety measures.

The President has earlier assured that he will not let anything that would be detrimental to the country's progress take place at any cost.

Sri Lanka and Singapore signed the Free Trade Agreement on 23 January 2018 during the official visit of Singapore Prime Minister Lee Hsien Loong to Colombo.

 

ColomboPage - Recent 10 Stories ::
No plans to halt Battle of Solar Power project - Ministry
-- [8 hours ago]
New pediatric ward complex at Negombo Hospital declared open
-- [9 hours ago]
Former Minister Kabir Hashim requested to join the cabinet soon
Visiting Maldivian delegation calls on Sri Lanka PM
Sri Lanka, Russian Presidents discuss strengthening bilateral relations, regional safety
British High Commission in Colombo celebrates Queen Elizabeth's 93rd Birthday
In Pictures: 5th International Day of Yoga celebrated in Colombo
Salary anomalies of over 500,000 pensioners to be removed from July 1st increasing the monthly pensions
INTERPOL Red Notice leads to arrest of Sri Lanka bombings suspect
Sri Lanka releases 18 Indian fishermen

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.