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Sri Lanka cabinet approves proposal on preferential trade agreement with Indonesia

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Sri Lanka cabinet approves proposal on preferential trade agreement with Indonesia

The statement on Tuesday added that Indonesia has been identified as a trade partner with suitable potential to build profitable trade relations for Sri Lanka, Xinhua news agency reported.

Earlier, Sri Lanka launched a fact-finding mission to explore avenues for an early entry into the Regional Comprehensive Economic Partnership (RCEP) free trade agreement, as announced by the Foreign Ministry in June.

A team of senior officials of the Sri Lankan government concluded the mission to Jakarta, Indonesia, on June 12-14, and Sri Lanka’s strong interest in entering into RCEP was well received by ASEAN Secretary-General Kao Kim Hourn, and a number of ambassadors of RCEP members in Jakarta, said the Ministry.

–Ajit Weekly News

int/khz


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