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Structural reforms to be announced in February, March
17 Jan, 2017
The Government?is undertaking structural reforms which will be announced in February and March, Prime Minister Ranil Wickremesinghe said today.
Speaking at a press briefing at the World Economic Forum in Switzerland, the Prime Minister said that Sri Lanka will go ahead with the?Economic and Technology Corporation Agreement (ETCA) with India.
He said that with?ETCA Sri Lanka hopes to have separate arrangements with the five southern states of India.
Wickremesinghe said Sri Lanka is also having negotiations with Singapore and this will enable Sri Lanka to have further agreements with Bay of Bengal countries, firstly with Bangladesh and then other countries such as Malaysia, Thailand, Indonesia, and Myanmar.
He also noted that Sri Lanka is negotiating an FTA with China, Japan and Pakistan.
“Together with these Sri Lankan government is also undertaking structural reforms, which would be announced in February and March. The reforms for new tax incentives, macro-economic stabilization, and program with IMF that has been agreed to will make it easier to do business with Sri Lanka,” he said. (Colombo Gazette)
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