The proposed Economic and Technology Cooperation Agreement between India and Sri Lanka, which would be an improvement over the existing Free Trade Agreement, may soon be a reality.
Indicating this, Y.K. Sinha, India’s High Commissioner in Colombo, used the 70th Independence Day as the occasion to tell critics and sceptics of ETCA that “it is up to Sri Lankans themselves to decide on the contours of any agreement that they sign with a foreign country.
However, he added that there has to be “genuine debate and discussion” among stakeholders in Sri Lanka,
Y K Sinha, referred to the latest round of discussions on the pact in Colombo last week and expressed the hope that the agreement, when signed, would be of mutual benefit to both countries.
India-Sri Lanka bilateral trade stood at $4.6 billion last year, of which Indian exports were valued at about $4 billion.
Meanwhile GMOA states that the government should follow a correct national policy when signing the ETCA with India.
GMOA Assistant Secretary Dr.Haritha Aluthge further stated that his organization will submit a letter to the President tomorrow, which will contain all details with regard to their proposal.