Sri Lanka exports to India surge after free trade agreement

Thursday, 16 May 2013 - 12:43

Sri+Lanka+exports+to+India+surge+after+free+trade+agreement

 

Sri Lanka's exports to India have surged under a free trade deal, growing six fold, with the number of items going up four fold to 2,100 but most of the imports to the island take place outside the agreement.

On average 70 percent of Sri Lanka's exports to India are under the free trade agreement, compared to only 30 percent Indian exports coming to Sri Lanka under the FTA.

Sri Lanka's exports to India have increased from one percent of overall export before the FTA to nearly 6 percent.



Central Bank approved more than Rs. 60 billion working capital loans to COVID-19 affected businesses
Friday, 10 July 2020 - 23:10

The Central Bank of Sri Lanka (CBSL) approved 22,306 loans amounting to Rs. 60,250 million under the Saubagya COVID-19 renaissance facility as of 10th... Read More

Foreign reserves increase to US $ 6.7 billion
Friday, 10 July 2020 - 9:06

The Central Bank states that the country's foreign reserves have recovered in June.Foreign reserves rose to $ 6.7 billion in June from $ 6.49 billion in... Read More

Central Bank clarifies about concessions
Friday, 10 July 2020 - 7:25

The Central Bank of Sri Lanka states that the interest rate reduction has not been given to the borrowers by commercial banks.This was stated by the... Read More