The committee of experts appointed to review the free trade agreement between Singapore and Sri Lanka asks for public opinions
Tue, 21 Aug, 2018, 11:14 pm SL Time, ColomboPage News Desk, Sri Lanka.
August 21, Colombo: The expert committee, appointed by the President Maithripala Sirisena to study the free trade agreement between Singapore and Sri Lanka, has decided to gather opinions from organizations and the public.
Citizens and organizations can submit their positions to the committee until 27 September. Entities who want to communicate their proposals orally, can make an appointment before the 27th.
Opinions and opinions can be submitted until the 27th of the following month.
The committee, chaired by the retired professor of economics, W.D. Lakshman, will study the free trade agreement between Sri Lanka and Singapore and its practical impact and submit a report to him within two months. It is also expected to receive recommendations to prepare policies for a future trade policy of Sri Lanka.
The committee will submit its report to the president about:
– Review of the new trade policy document of the agreement
-Projections on how the removal of import duties – within a period of three years – will affect the domestic industry and consumers
– Assessment of the impact of the agreement on other service sectors in Sri Lanka and
-The preparation of policy guidelines on how the trade agreement between Sri Lanka and Singapore should take shape in the future.
Sri Lanka and Singapore signed the free trade agreement on 23 January 2018 during the official visit of Singapore Prime Minister Lee Hsien Loong to Colombo.