Tags
Sri Lanka and China will hold high level discussions in June on the possibility of signing a bilateral free trade agreement (FTA), Sri Lanka’s ministry of industry and commerce said in a statement yesterday.
“China is a promising market for Sri Lanka’s select, premium products such as gems, and an important round of bilateral talks on Sri Lanka-China FTA is scheduled for next month,” Xinhua news agency reported citing the statement.
It said Sri Lanka was committed to pursuing an outward oriented trade regime following the principles of the World Trade Organisation, with a view to enhancing overseas market access for its export products and achieving greater integration into the world economy.
Sri Lanka has already signed free trade agreements with India and Pakistan and both the agreements allow more than 4,000 product lines to be exported to these markets at zero duty.
“Sri Lanka actively involves in Joint Economic Commissions and bilateral forums with a number of countries in order to enhance our trade and commercial relations,” the statement said.
It added that trade between Sri Lanka and China crossed the $4bn mark last year for the first time in the bilateral trade history, surging by 17% from 2014’s $3.58bn.
There are no comments.
SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
