All stakeholders to be briefed on ETCA and China FTA

malik samarawickramaThe Government today informed Parliament that all stakeholders will be briefed on the proposed Economic and Technology Cooperative Agreement (ETCA) with India and the Free Trade Agreement (FTA) with China.

President Maithripala Sirisena assured Parliament, approval will be sought on the Indo-Lanka agreement.

He said that if there are any concerns on the agreement the clauses which rise concerns will be amended.

“Nothing has been finalised. This is only at a discussion stage,” he said.

Meanwhile, Minister of Development Strategies and International Trade Malik Samarawickrama also said that concerns being raised on ETCA are misleading.

He said that since the agreement has not been finalised any concerns raised on ETCA are baseless.

The Minister also said that Sri Lanka is looking at strengthening its economy through agreements like those to be signed with India and China.

He said that Sri Lanka is to also sign an agreement with a Chinese company over the Hambantota port.

The Minister said the Hambantota port has been operating at a loss and the Government is not in a position to cover those losses.

He said that Sri Lanka hopes to earn approximately USD 1.2 a month from the agreement with the Chinese company. (Colombo Gazette)

1 COMMENT

  1. Time being we cannot agreed to sing ETCA with Indian .The very reason is FTA between Sri lanka and India since year 2000 not been review by current government.
    The overall review has WTO guide lines and its rules.

    Until we are not that touch the WTO review procedure with Indo-Sri lanka of the Free Trade Agreement ,it is quite impossible to sing ETCA by expatriate decision of ruling Party is undemocratic and ignored voice of Business Community.

    We are totally an opposed by ruling party one-sided decision of sing ETCA is not nation interest.
    It will surrender our Economic Sovereignty to Indian business monopolies by Minister in-charge International trade of UNP leaders.

    By before the sing ETCA that we have to see many sides of Ours National Economy, Trade and Investments by all walk of life.

    It cannot do by overnight the very interest of Indian businessmen.

LEAVE A REPLY

Please enter your comment!
Please enter your name here