Sri Lanka to go ahead with ETCA agreement with India

Wickremesinghe said that 2017 was a crucial year for investments to come in and this would pave the way for Sri Lanka to strengthen itself in the Indian Ocean region.“We want to develop Sri Lanka, especially as an export oriented economy aiming at job creation and income increments,” Wickremesinghe said. The Prime Minister said many international investors were now looking at Sri Lanka as a ideal investment hub. He also said that the government will negotiate a Free Trade Agreement (FTA) with China and other countries. Prime Minister Ranil Wickremesinghe today said that Sri Lanka will go ahead with the proposed Economic and Technical Cooperation Agreement (ETCA) with India.The Prime Minister said that Sri Lanka will first finalise the GSP plus deal with the European Union and then the ETCA agreement with India. He further said that with the Indian Ocean region becoming the fastest growing region in the word, Sri Lanka had to use its strategic location to become a communication center for shipping, airlines. business and expand its markets through FTAs.The Prime Minister also denied reports of any political uncertainty in the country and remained firm that the present National Government would continue to implement all the development projects in order to make Sri Lanka an international hub. (Colombo Gazette)

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