Structural reforms to be announced in February, March

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)

1 COMMENT

  1. There is NO consensus and deliberation in Sri Lankan side that regarding proposed ETCA with India and other that FTA between China Japan and Singhoporean.
    Without broad consultation with many sectors of and other relevant parties is quite impossible to reach agreement with above those countries by one sided decision of UNP Ranil W… govt.

    And that also against WTO guide lines. We demand that we want more time for proposed looking for many sides of proposed which Agreement by democratic censuses with Public, Business and Trade enterprise are very essential.

    The current in power of Govt. that have No mandate to go ahead for the proposed FTA s and ETCA by without Parliament debate and majority decision.

    The public have no documents from ruling partieson all proposed FTA and ETCAs.

    We as nation lack of National Trade and Economic policies by current governances.

    Ongoing Policies of IMF is not that nation interest they are working of Multi-national corporations vested interest ,by ruin nation growth and created weak growth policies since 2015 January 9th.

    We cannot trust IMF misrule policies any longer .

    We are for Trade & Investment with Indian, China Japan and other is our national interest .
    All in all ours policies national Economies are base of Sustsnibility of Developing of People of Sri Lankan.

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