Indo- Lanka trade targets US$ 10b in 3 years

Wednesday, 17 July 2013 - 11:53



India and Sri Lanka enjoy a vibrant and growing economic and commercial partnership, with both trade and investment expanding greatly in recent years.

Since the operationalization of the India-Sri Lanka Free Trade Agreement in 2000, trade alone has multiplied by as much as eight times, crossing the milestone of 5 billion dollars in 2011-12.

India’s new High Commissioner to Sri Lanka Y.K. Sinha addressing the Indian CEO Forumi said The FTA has thus proved to be a real engine of growth for bilateral commercial interaction.

The FTA also set an ambitious target of doubling bilateral trade to reach 10 billion dollars in next three years.