Business

Conference on Indo-Lanka trade issues in Chennai

  • PTI, New Delhi
  • |
  • Updated: Dec 16, 2007 10:17 IST

Trade and investment related issues between India and Sri Lanka will come up for discussion at a conference in Chennai on Monday.

Sri Lanka Minister for International Trade GL Peiris will inaugurate the two-day conference being organised by Observer Research Foundation (ORF) in association with industry chamber CII and Sri Lankan Deputy High Commission.

After signing of Free Trade Agreement (FTA) between India and Sri Lanka, the bilateral trade has more than doubled in just
three years to $2722.79 million in 2007 from $557 million in 1999, a statement from ORF said in New Delhi.

Both the countries have been receiving large investments from private companies and there was a potential to increase the same, it said.

There have some worries from the part of India that the FTA is being misused by traders around the world by routing their consignments through Sri Lanka, the statement added.

 

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