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Bangladesh confirms Sri Lanka FTA to be signed this year

Bangladesh confirmed the Free Trade Agreement (FTA) with Sri Lanka will be signed this year, bdnews24.com reported.

Commerce Minister Tofail Ahmed said the FTA with Sri Lanka with the aim to boost bilateral trade will also be signed this year.

Dhaka has been negotiating the FTA with Colombo since 2013 to increase trade now worth $80 million every year.

This would be Bangladesh’s first deal for free trade with any country.

The decision was made on Friday during a meeting between Prime Minister Sheikh Hasina and Sri Lankan President Maithripala Sirisena at the former’s office in Dhaka.

Tofail said the Government does not sign FTAs randomly with other countries because Bangladesh as a least developed country enjoys the duty-free market access to many of the markets.

“But if we sign FTAs with them, they will benefit from this and not us.”

He, however, said Bangladesh will gain from the deal with Sri Lanka.

“Because we are exporting so many things already, and will be able to expand the list of exportable items. But their export basket is not big like us.”

About plans to sign the free trade agreement with Brazil and Argentina, the commerce minister said. “We’ll sign this agreement only with the countries where we don’t have duty-free or quota-free market access.” (Colombo Gazette)

1 Comment

1 Comment

  1. malik

    July 17, 2017 - 12:18 at 12:18

    Animal activists expressed outraged today after a video of at least 23 dogs and several cats being stabbed with what looked like needles containing a toxic substance of some sort by persons inside the process of the University of Moratuwa, went viral on social media last Saturday (15).

    A student of the Moratuwa University had released three video recordings which appeared to show the university authorities sticking needles into these animals thereby rending them unconscious, however he was allegedly pressurized by the authorities to remove the videos, it was reported.

    Groups of animal rights activists, with the support of university students had recovered 10 cats and two dogs on Sunday (16) evening buried in a pit in a land in Homagama.

    Animal rights activists who had discovered the dead animals, charged that the animals were injected with “Ketamine”, a chemical that causes paralysis in animals, but the authorities had mistakenly overdosed the cats and dogs leading few to the deaths of these animals.

    It was also revealed that the dogs that had been killed within the confines of the Moratuwa University had been sterilized two weeks before by the students who had paid a veterinarian to attend to them with their own funds.

    According to the students a similar incident had taken place at the Sri Jayewardenepura University a few months back where upto 100 stray cats and dogs were rounded up by the university authorities and taken away allegedly to be gotten rid of at another location. They further claimed that the university authorities had threatened some of the students with suspension if news of this was leaked to the media.

    Please report this story above colombogazette. Give it the equal coverage it deserves

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