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Monday, 17 March 2014 - 7:17
Lanka to ink FTA with China soon - President
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President Mahinda Rajapaksa said arrangements have been made to ink a Free Trade Agreement with China and the Finance Ministry secretary was sent to China to finalize the agreement.

He stressed that this agreement was not meant to bring down all items produced in China, but that they will be able to export goods produced in Sri Lanka to China unconditionally under this agreement.

The President also said that Sri Lanka can import heavy equipment under this agreement. Gem exporters have to pay a 40 percent tax now. Our producers can enter the Chinese market under this agreement.

 
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