Sri Lanka-India economic pact signing to be delayed
The Sri Lankan government said Friday that the signing of the much anticipated Comprehensive Economic Partnership Agreement (CEPA) between India and Sri Lanka would be delayed.
"We are not in a hurry to sign it. It is still at the discussion table, not finalized yet," Anura Yapa, the government spokesman and the minister of Information and Media told reporters.
It is reported earlier that the CEPA would be signed on the sidelines of the South Asian Association of Regional Cooperation ( SAARC) meeting to be held in Colombo from July 27 to Aug. 3.
The CEPA framework was presented to the Sri Lankan cabinet this week, government sources revealed.
Local industrialists have expressed interest to the CEPA and complained about the lack of information available to them on the proposed agreement.
The CEPA will come as a follow-up to the Indo-Lanka Free Trade Agreement signed in 2005.
Officials said the CEPA will allow investment and trading of services between the two south Asian neighbors as opposed to the mere exchange of goods under the FTA.
extracted from,
http://calibre.mworld.com/m/m.w?lp=GetStory&id=314328821
"We are not in a hurry to sign it. It is still at the discussion table, not finalized yet," Anura Yapa, the government spokesman and the minister of Information and Media told reporters.
It is reported earlier that the CEPA would be signed on the sidelines of the South Asian Association of Regional Cooperation ( SAARC) meeting to be held in Colombo from July 27 to Aug. 3.
The CEPA framework was presented to the Sri Lankan cabinet this week, government sources revealed.
Local industrialists have expressed interest to the CEPA and complained about the lack of information available to them on the proposed agreement.
The CEPA will come as a follow-up to the Indo-Lanka Free Trade Agreement signed in 2005.
Officials said the CEPA will allow investment and trading of services between the two south Asian neighbors as opposed to the mere exchange of goods under the FTA.
extracted from,
http://calibre.mworld.com/m/m.w?lp=GetStory&id=314328821
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