Connect with us

News

FTA with Sri Lanka: India seeks duty concessions on vehicles, easier visa norms for its professionals’ entry

Published

on

India is seeking customs duty concession on a number of goods including cars, commercial vehicles and machinery from Sri Lanka under a comprehensive free trade agreement (FTA), talks for which are underway, PTA has reported quoting an official.

India has also sought easier visa norms to further facilitate entry of Indian professionals, according to the official.Text of the PTI report: The 14th round of talks between senior officials of India and Sri Lanka was concluded recently in Colombo.

Issues which came up for the talks included rules of origin, goods, services, and technical barriers for trade.On the other hand, Sri Lanka has sought removal of a quota on apparel exports to India. The island nation is also asking for duty concessions on tea and certain agricultural commodities.

The official said that as elections are announced in Sri Lanka, the next round of negotiations between the two countries will be held after that.The two nations have already implemented a free trade agreement in goods and now they are negotiating to expand the pact by including more goods and services.

The India-Sri Lanka Free Trade Agreement (ISFTA) came into force in March 2000. It enhanced economic relations between the two countries by reducing tariffs on a wide range of goods.

Since the original ISFTA focused solely on goods, both countries have been negotiating for several years to expand it into a Comprehensive Economic Partnership Agreement (CEPA), which would include services, investment, and other areas of economic cooperation.

Under the current FTA, India allowed limited imports of garments from Sri Lanka at a 50 percent tariff (or customs duty) concession for up to eight million pieces annually, with a requirement that six million of these pieces use Indian fabric.

Additionally, India offered a 50 percent tariff concession on up to 15 million kg of tea from Sri Lanka each year.

Think tank Global Trade Research Initiative (GTRI) said that Sri Lanka may be seeking removal of the quota on garments, especially considering that India has allowed duty-free imports of garments from Bangladesh under the South Asia Free Trade Agreement (SAFTA) for Least Developed Countries (LDCs).

“However agreeing to this request may not be easy for India as allowing duty free imports has led to a significant increase in garment imports from Bangladesh, growing from USD 144.25 million in FY’2014 to USD 739.06 million in FY’2024, a cumulative growth of 412.34 per cent,” GTRI Founder Ajay Srivastava said.

Sri Lanka has placed items like automobiles and electrical goods on its negative list, restricting their import.

Since the implementation of the ISFTA, trade between the two countries has experienced fair growth.

India’s exports to Sri Lanka increased from USD 499.3 million in FY’2000 to USD 4.17 billion in 2023-24, a cumulative growth of 735.2 percent. Meanwhile, imports grew from USD 44.3 million to USD 1.4 billion over the same period.

In the last fiscal, India’s key exports to Sri Lanka included petroleum products (USD 704 million), cotton (USD 260 million), pharmaceuticals (USD 255 million), refined sugar (USD 206 million), fabric (USD 223 million), machinery (USD 171 million), pepper (USD 90.9 million), car and motorcycle parts (USD 79.3 million), onions (USD 63.4 million), and pulses (USD 32 million).

Notably, India’s exports to Sri Lanka fell from USD 5.1 billion in FY’2023 to USD 4.17 billion in FY’2024, primarily due to a significant reduction in petroleum product exports, which declined from USD 1.78 billion to USD 704 million, GTRI said.

India’s major imports from Sri Lanka in FY 2024 were coffee (USD 103.7 million), garments (USD 55.65 million), animal feed (USD 72.2 million), areca nut (USD 65.5 million), light pepper (USD 44.4 million), rough diamonds (USD 26.9 million), and rubber (USD 26.7 million).

A Sakthivel, Apparel Export Promotion Council Southern Region in-charge, said that India should not extend concessions for garments to Sri Lanka, as the domestic industry could be impacted because of that.

“We, too, make those garments and I think India should not give more concessions,” Sakthivel said.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Premadasa: Grade 6 syllabus fiasco signals deeper issues

Published

on

Harini Sajith

Vicious attacks disguised as criticism of education reforms, says PM

Opposition Leader Sajith Premadasa has said Sri Lanka’s education system has fallen into a “tragic condition,” warning that the crisis extends far beyond the Grade 6 syllabus fiasco.Premadasa made these remarks at the Opposition Leader’s Office during the establishment of the “Common Platform to Protect Free Education.”

Premadasa said that while public attention was on the Grade 6 syllabus issue, the problems facing the education sector were far deeper and affected the entire education system, including schools, universities and tertiary education institutions.

The Opposition Leader noted that the current crisis had not manifested itself overnight due to result of recent decisions; instead, it had developed over time due to reforms being introduced without proper consultation, dialogue or a participatory process involving stakeholders.

The Opposition Leader stressed the urgent need for setting political agendas aside and making a concerted effort to introduce meaningful educaton reforms. He said the rights of more than 4.1 million schoolchildren must be protected.

Premadasa said Sri Lanka must ensure that education was free and of high quality, and warned that failure to do so would have long-term consequences for the country’s future.

Taking part in a televised interview, PM Harini Amarasuriya responded to criticism of the government’s proposed education reforms, especially recent criticism on the rainbow colours on the covers of modules.

This is not constructive in any way. This is vile. This is really vicious. This is the politics the people of this country rejected in three elections in 2024 and 2025,” she said.

She added that the government was open to constructive criticism.

Continue Reading

News

Sri Lankan Airlines launches Intl branding initiative for Colombo Nawam Maha Perahera 2026

Published

on

SriLankan Airlines has unveiled a landmark international branding initiative to promote the Colombo Nawam Maha Perahera 2026, one of the country’s most distinguished religious and cultural festivals. The initiative is showcased on an Airbus A320neo, transforming the aircraft into a flying ambassador of Sri Lanka’s living heritage.

Through a specially designed aircraft livery, SriLankan Airlines now carries the prestige, spirituality, and cultural identity of the Nawam Maha Perahera across its international route network. This initiative positions the Perahera not only as a sacred Buddhist procession, but also as a major cultural and tourism attraction, highlighting

Colombo as a destination of heritage, harmony, and tradition.

Organised under the auspices of the Gangaramaya Temple, the Nawam Maha Perahera is internationally recognised for its historical significance, spiritual depth, and ceremonial grandeur. The concept for this international branding initiative was initiated by Venerable Dr. Kirinde Assaji Thero, who recognised aviation as a powerful platform for cultural diplomacy and global storytelling.

The successful realisation of this initiative has been made possible through the collective efforts of the Nawam Maha Perahera Committee, devoted devotees and supporters, and the institutional collaboration of the Prime Minister’s Office and the Ministry of Aviation, together with the full cooperation of SriLankan Airlines. The entire international aircraft branding initiative has been fully funded by the Gangaramaya Temple, together with the Nawam Maha Perahera Committee, reflecting the commitment of the Temple and its devotees to preserving and promoting Sri Lanka’s religious and cultural heritage on a global stage.

SriLankan Airlines extended its support across all levels of the organisation. Special appreciation is extended to the Chairman, Board of Directors, senior management, engineering and technical teams, designers, operational staff, and frontline employees, whose combined expertise and dedication transformed this cultural vision into reality.

Recently, Venerable Dr. Kirinde Assaji Thero, along with members of the Nawam Maha Perahera Committee, visited the SriLankan Airlines engineering and operations premises in Katunayake, accompanied by resident young Buddhist monks from the Gangaramaya Temple. During the visit, the delegation observed the progress of the aircraft branding work and offered blessings to the SriLankan Airlines team, expressing appreciation for their professionalism and commitment.

As the Airbus A320neo travels from city to city and culture to culture, it carries with it the story of Gangaramaya Temple, the Nawam Maha Perahera, and Sri Lanka’s enduring cultural values—fostering international awareness and strengthening the country’s image as a destination of faith, heritage, and cultural pride.

This initiative stands as a strong example of how religion, culture, tourism, and national aviation can work together in unity to elevate Sri Lanka’s presence on the global stage in the lead-up to the Colombo Nawam Maha Perahera 2026.

Continue Reading

News

Reports on Grade 6 module adult website link due next week

Published

on

Statements have been recorded from six individuals, including senior officials of the National Institute of Education (NIE), in connection with the inclusion of a link to a pornographic website in a Grade Six English learning module, according to police headquarters sources.

Those questioned include module writers attached to the NIE’s Academic Affairs Division, as well as officials involved in the review, editing and proofreading of the material.

Meanwhile, an Education Ministry official said a separate preliminary inquiry into the NIE’s module development process was being carried out by a committee chaired by Ranjith Ariyaratne. Reports from both inquiries are expected to be submitted next week.

Deputy Minister of Education Dr. Madhura Seneviratne told the media that measures were underway to strengthen the module preparation process at the NIE, with guidance from a panel of subject experts. He said extensive discussions had been held with senior NIE officials on January 16, and stressed that appropriate disciplinary action would be taken based on the findings of the investigation reports.

Following the disclosure of the incident, NIE Director General Prof. Manjula Vidanapathirana resigned from her post to facilitate the investigations. However, sources said no statement had been recorded from her, as her role was limited to administrative responsibilities.

By Norman Palihawadane and Chaminda Silva ✍️

Continue Reading

Trending