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China - Lanka FTA from November

China - Lanka FTA from November: "For the first time in Asia, China will sign a Free Trade Agreement with Sri Lanka. This would be implemented from this November.

Minister of Investment Promotion Lakshman Yapa Abeywardena said that this FTA would allow selected Sri Lankan items to be exported to China on zero duty.

"This is a unique and special FTA extended and offered only to Sri Lanka", he said. Sri Lankan companies could then have the opportunity to export to the large Chinese market thus opening a new era of trade.

"Sri Lankan apparel sector is one to benefit first", he said. "We are currently preparing the list of items to be included to the FTA and the agreement would be effective before the CHOGM," he disclosed.

He added that Foreign Direct Investments to the country increased by over 20% in the first half of 2013. Minister Abeywardena said that from January to June 2013 it stood at US$ 540.211 million.
China - Lanka FTA from NovemberSocialTwist Tell-a-Friend

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