• Latest
  • Trending

India has set no time frame for signing Economic and Technical and Cooperation Agreement (ETCA) with Sri Lanka

September 27, 2016
Sri Lankan Foreign Minister again asks UNHRC to reject anti-Lanka resolution

Sri Lankan Foreign Minister again asks UNHRC to reject anti-Lanka resolution

February 25, 2021
Bengali Adhunik song Bela Hole Absan

Bengali Adhunik song Bela Hole Absan

February 25, 2021
Lanka considers Pakistan a “close and genuine friend”, Mahinda Rajapaksa tells Imran Khan

Pakistan to give Sri Lanka US$ 50 million as credit for defense projects

February 24, 2021
Pakistan and Sri Lanka affirm mutual support in multilateral forums

Pakistan and Sri Lanka affirm mutual support in multilateral forums

February 24, 2021
Image credits - Rishabh Pant / Twitter @RishabhPant17

India unveils world’s largest cricket stadium; wows players

February 24, 2021
Image credits - Stefan Spassov / Unsplash

Japan appoints ‘minister of loneliness’ to help people home alone

February 24, 2021
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images

Musk loses world’s richest title as Tesla falters

February 24, 2021
Image credits - Torstensimon

India sends first vaccine doses to Africa under WHO’s COVAX programme

February 24, 2021
Image credits - freestocks / Unsplash

Singapore trials Smartphone app offering mini check-ups

February 24, 2021
Image credits - Steven Cordes / Unsplash

Gotta catch ’em all: Pandemic sends prices soaring for Pokemon cards

February 24, 2021
Image credits - Daniel Schludi / Unsplash

Vaccines do not include a slight amount of Covid-19; rest required after inoculation

February 24, 2021
Imran Khan invites Sri Lanka to use BRI and CPEC to reach out to Central Asia

Imran Khan invites Sri Lanka to use BRI and CPEC to reach out to Central Asia

February 24, 2021
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, February 25, 2021
  • Login
  • Register
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Sri Lankan Foreign Minister again asks UNHRC to reject anti-Lanka resolution

    Sri Lankan Foreign Minister again asks UNHRC to reject anti-Lanka resolution

    Bengali Adhunik song Bela Hole Absan

    Bengali Adhunik song Bela Hole Absan

    Lanka considers Pakistan a “close and genuine friend”, Mahinda Rajapaksa tells Imran Khan

    Pakistan to give Sri Lanka US$ 50 million as credit for defense projects

    Pakistan and Sri Lanka affirm mutual support in multilateral forums

    Pakistan and Sri Lanka affirm mutual support in multilateral forums

    Image credits - Rishabh Pant / Twitter @RishabhPant17

    India unveils world’s largest cricket stadium; wows players

    Image credits - Torstensimon

    India sends first vaccine doses to Africa under WHO’s COVAX programme

    Image credits - Daniel Schludi / Unsplash

    Vaccines do not include a slight amount of Covid-19; rest required after inoculation

    Imran Khan invites Sri Lanka to use BRI and CPEC to reach out to Central Asia

    Imran Khan invites Sri Lanka to use BRI and CPEC to reach out to Central Asia

    Lankan Foreign Minister asks UNHRC to reject  baseless anti-Sri Lankan resolution

    Lankan Foreign Minister asks UNHRC to reject baseless anti-Sri Lankan resolution

  • World
    • All
    • Japan
    • Russia
    • United States
    Image credits - Stefan Spassov / Unsplash

    Japan appoints ‘minister of loneliness’ to help people home alone

    Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images

    Musk loses world’s richest title as Tesla falters

    Image credits - Torstensimon

    India sends first vaccine doses to Africa under WHO’s COVAX programme

    Image credits - freestocks / Unsplash

    Singapore trials Smartphone app offering mini check-ups

    Image credits - Steven Cordes / Unsplash

    Gotta catch ’em all: Pandemic sends prices soaring for Pokemon cards

    U.S. arrests wife of Mexico cartel chief El Chapo on drug charges

    U.S. arrests wife of Mexico cartel chief El Chapo on drug charges

    Whatsapp / Pic - India Today

    WhatsApp to switch off messages for all who reject new terms

    First human case of H5N8 bird flu reported in Russia. Image credits - CDC

    First human case of H5N8 bird flu reported in Russia

    Image credits - rupixen.com / Unsplash

    Asian markets struggle as inflation worries offset recovery hopes

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    Bengali Adhunik song Bela Hole Absan

    Bengali Adhunik song Bela Hole Absan

    Image credits - Steven Cordes / Unsplash

    Gotta catch ’em all: Pandemic sends prices soaring for Pokemon cards

    Image credits - Fixelgraphy / Unsplash

    Spotify to expand into more than 80 new markets including Sri Lanka, Pakistan and Maldives

    Image credits - AdamBMorgan / big-ashb

    Grammy-winning duo Daft Punk announces split after 28 years

    Image credits - LupEnd007 / rodrigoferrari

    Kim Kardashian files for divorce from Kanye West

    Nollywood meets Bollywood in love tale ‘Namaste Wahala’

    Nollywood meets Bollywood in love tale ‘Namaste Wahala’

    Image credits - Gullah / Pixabay

    Disney returns to profit as streaming success offsets pandemic-hit parks

    ARO KOTO DIN AMI KHUJECHI TOMAKE II NANDITA II SEYLON MUSIC LOUNGE

    ARO KOTO DIN AMI KHUJECHI TOMAKE II NANDITA II SEYLON MUSIC LOUNGE

    Image credits - Neetu Kapoor / Instagram

    Rajiv Kapoor passes away at 58

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Image credits - Stefan Spassov / Unsplash

    Japan appoints ‘minister of loneliness’ to help people home alone

    Image credits - freestocks / Unsplash

    Singapore trials Smartphone app offering mini check-ups

    First human case of H5N8 bird flu reported in Russia. Image credits - CDC

    First human case of H5N8 bird flu reported in Russia

    Image credits - LupEnd007 / rodrigoferrari

    Kim Kardashian files for divorce from Kanye West

    “What you say is not as important as the bookcase behind you”

    “What you say is not as important as the bookcase behind you”

    Swati Mohan spearheaded the attitude control and landing system of the Perseverance rover. (Image: Nasa)

    Swati Mohan, Indian-American scientist who led charge to land Nasa rover on Mars, was inspired by Star Trek as a kid

    Image credits - Luca Rüegg / Unsplash

    NASA’s astrobiology rover Perseverance makes historic Mars landing

    Image credits - Arlington Research / Unsplash

    Pandemic to widen skill gaps as workplaces change, McKinsey says

    Chinese shopping and tourism amidst the pandemic

    Chinese shopping and tourism amidst the pandemic

    Image credits - Dan-Cristian Pădureț / Unsplash

    Scientists achieve atomic scale manipulation of magnets

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Image credits - freestocks / Unsplash

    Singapore trials Smartphone app offering mini check-ups

    Image credits - Fixelgraphy / Unsplash

    Spotify to expand into more than 80 new markets including Sri Lanka, Pakistan and Maldives

    Image credits - Nicole de Andrade

    Tech Tips: Signal lets users create groups with up to 1000 members, here is how to create one

    Whatsapp / Pic - India Today

    WhatsApp to switch off messages for all who reject new terms

    Image credits - Solen Feyissa / Unsplash

    Facebook news goes dark in Australia as content spat escalates

    India is a nation besieged. It is at war — with social media hashtags.

    India is a nation besieged. It is at war — with social media hashtags.

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Sri Lankan Foreign Minister again asks UNHRC to reject anti-Lanka resolution

    Sri Lankan Foreign Minister again asks UNHRC to reject anti-Lanka resolution

    Bengali Adhunik song Bela Hole Absan

    Bengali Adhunik song Bela Hole Absan

    Lanka considers Pakistan a “close and genuine friend”, Mahinda Rajapaksa tells Imran Khan

    Pakistan to give Sri Lanka US$ 50 million as credit for defense projects

    Pakistan and Sri Lanka affirm mutual support in multilateral forums

    Pakistan and Sri Lanka affirm mutual support in multilateral forums

    Image credits - Rishabh Pant / Twitter @RishabhPant17

    India unveils world’s largest cricket stadium; wows players

    Image credits - Torstensimon

    India sends first vaccine doses to Africa under WHO’s COVAX programme

    Image credits - Daniel Schludi / Unsplash

    Vaccines do not include a slight amount of Covid-19; rest required after inoculation

    Imran Khan invites Sri Lanka to use BRI and CPEC to reach out to Central Asia

    Imran Khan invites Sri Lanka to use BRI and CPEC to reach out to Central Asia

    Lankan Foreign Minister asks UNHRC to reject  baseless anti-Sri Lankan resolution

    Lankan Foreign Minister asks UNHRC to reject baseless anti-Sri Lankan resolution

  • World
    • All
    • Japan
    • Russia
    • United States
    Image credits - Stefan Spassov / Unsplash

    Japan appoints ‘minister of loneliness’ to help people home alone

    Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images

    Musk loses world’s richest title as Tesla falters

    Image credits - Torstensimon

    India sends first vaccine doses to Africa under WHO’s COVAX programme

    Image credits - freestocks / Unsplash

    Singapore trials Smartphone app offering mini check-ups

    Image credits - Steven Cordes / Unsplash

    Gotta catch ’em all: Pandemic sends prices soaring for Pokemon cards

    U.S. arrests wife of Mexico cartel chief El Chapo on drug charges

    U.S. arrests wife of Mexico cartel chief El Chapo on drug charges

    Whatsapp / Pic - India Today

    WhatsApp to switch off messages for all who reject new terms

    First human case of H5N8 bird flu reported in Russia. Image credits - CDC

    First human case of H5N8 bird flu reported in Russia

    Image credits - rupixen.com / Unsplash

    Asian markets struggle as inflation worries offset recovery hopes

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    Bengali Adhunik song Bela Hole Absan

    Bengali Adhunik song Bela Hole Absan

    Image credits - Steven Cordes / Unsplash

    Gotta catch ’em all: Pandemic sends prices soaring for Pokemon cards

    Image credits - Fixelgraphy / Unsplash

    Spotify to expand into more than 80 new markets including Sri Lanka, Pakistan and Maldives

    Image credits - AdamBMorgan / big-ashb

    Grammy-winning duo Daft Punk announces split after 28 years

    Image credits - LupEnd007 / rodrigoferrari

    Kim Kardashian files for divorce from Kanye West

    Nollywood meets Bollywood in love tale ‘Namaste Wahala’

    Nollywood meets Bollywood in love tale ‘Namaste Wahala’

    Image credits - Gullah / Pixabay

    Disney returns to profit as streaming success offsets pandemic-hit parks

    ARO KOTO DIN AMI KHUJECHI TOMAKE II NANDITA II SEYLON MUSIC LOUNGE

    ARO KOTO DIN AMI KHUJECHI TOMAKE II NANDITA II SEYLON MUSIC LOUNGE

    Image credits - Neetu Kapoor / Instagram

    Rajiv Kapoor passes away at 58

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Image credits - Stefan Spassov / Unsplash

    Japan appoints ‘minister of loneliness’ to help people home alone

    Image credits - freestocks / Unsplash

    Singapore trials Smartphone app offering mini check-ups

    First human case of H5N8 bird flu reported in Russia. Image credits - CDC

    First human case of H5N8 bird flu reported in Russia

    Image credits - LupEnd007 / rodrigoferrari

    Kim Kardashian files for divorce from Kanye West

    “What you say is not as important as the bookcase behind you”

    “What you say is not as important as the bookcase behind you”

    Swati Mohan spearheaded the attitude control and landing system of the Perseverance rover. (Image: Nasa)

    Swati Mohan, Indian-American scientist who led charge to land Nasa rover on Mars, was inspired by Star Trek as a kid

    Image credits - Luca Rüegg / Unsplash

    NASA’s astrobiology rover Perseverance makes historic Mars landing

    Image credits - Arlington Research / Unsplash

    Pandemic to widen skill gaps as workplaces change, McKinsey says

    Chinese shopping and tourism amidst the pandemic

    Chinese shopping and tourism amidst the pandemic

    Image credits - Dan-Cristian Pădureț / Unsplash

    Scientists achieve atomic scale manipulation of magnets

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Image credits - freestocks / Unsplash

    Singapore trials Smartphone app offering mini check-ups

    Image credits - Fixelgraphy / Unsplash

    Spotify to expand into more than 80 new markets including Sri Lanka, Pakistan and Maldives

    Image credits - Nicole de Andrade

    Tech Tips: Signal lets users create groups with up to 1000 members, here is how to create one

    Whatsapp / Pic - India Today

    WhatsApp to switch off messages for all who reject new terms

    Image credits - Solen Feyissa / Unsplash

    Facebook news goes dark in Australia as content spat escalates

    India is a nation besieged. It is at war — with social media hashtags.

    India is a nation besieged. It is at war — with social media hashtags.

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
No Result
View All Result
NewsIn.Asia
No Result
View All Result
Home Around South Asia India

India has set no time frame for signing Economic and Technical and Cooperation Agreement (ETCA) with Sri Lanka

Editor by Editor
September 27, 2016
in India, Sri Lanka
Reading Time: 3min read
1 0
Share on WhatsApp

Colombo, September 27 (NIA): India has not given a time frame for negotiating an Economic and Technical Cooperation Agreement (ETCA) with Sri Lanka, although the Sri Lankan government wants to  sign the agreement by year end, the visiting Indian Commerce Minister Nirmala Sitharaman said here on Tuesday .

Briefing the media after talks with Prime Minister Ranil Wickremesinghe, the Minister for International Trade and Strategic Development Malik Samarawickrama and others, Sitharaman said that the ETCA will have to be negotiated in “great detail”, addressing all issues of concern to each of the two parties to the satisfaction of both. She placed great emphasis on the need for an agreement which is based on the full trust of the two parties.

So far two meetings on ETCA have been held. The next round of talks will take place in New Delhi during the visit of the Sri Lankan Minister Samarawickrama, Sitharaman said.

The Indian Minister addressed concerns in the minds of Sri Lankans about the ETCA and the 16 year old India-Sri Lanka Free Trade Agreement (ISLFTA).

Malik Samarawickrama, Si Lankan Minister of International Trade and Strategic Developmnt
Malik Samarawickrama, Si Lankan Minister of International Trade and Strategic Developmnt

On ETCA, the main concern was the possibility of cheap Indian labor flooding the Sri Lankan labor market. Seetharaman asked Sri Lankans to look at the positive side of things and said that the inexpensiveness of Indian labor should actually enthuse Sri Lankan entrepreneurs to set up manufacturing facilities in India taking advantage of cheap labor.

On the exchange of services, she said ETCA will not allow Mode 4  involving movement of natural persons across borders. And others issues are being discussed. No pact will be signed without the two  parties agreeing to it  wholeheartedly, she said.

In his comment, Sri Lankan Minister Samarawickrama said that Sri Lankan entrepreneurs are asking for the import of labor in sectors such as construction, ship building and IT services. The government will put in a system to regulate the use of imported labor he added.

Addressing the issue of the existing Free Trade Agreement, Sitharaman corrected the impression the ISLFTA has worked to the exclusive advantage of India and to the detriment of Sri Lanka. She said that statistics show that India has  gained only minimally from the ISLFTA, while Sri Lanka has gained hugely. While Sri Lanka’s exports to India depend heavily on the ISLFTA, India’s exports to Sri Lanka do not. The bulk of its exports to Sri Lanka do not come under the ISLFTA but enter the island after paying the regular duties

The Indian Minister however agreed that Non Tariff Barriers (NBT) have been a problem for Si Lankan exporters to India. But she said that these are not exclusive to Sri Lanka. They apply to imports from all counties. Among the NTBs faced by Sri Lanka, are rules regarding standards and the differences in taxes across Indian States. While issues such as standards are being discussed, the problem of variation in taxes has already been addressed by the introduction of the National General Sales Tax which has turned India into a single entity for taxes.

Asked if ETCA will lead to the dumping of Indian goods in the Sri Lankan market because of the difference in the size of the Sri Lankan and Indian economies, Sitharaman said that both countries have to abide by WTO rules as regards dumping and they  will have to effective laws. Sri Lankan Minister Samarawickrama said that Sri Lanka will soon be having an anti-dumping law.

On-going and future Indian projects were also discussed at the talks in Colombo. Sitharaman said that India is discussing the modalities of changing the fuel in the Sampur power plant from coal to LNG as per the request of the Sri Lankan government. She denied that India is “bitter” about Sri Lanka’s sudden decision to switch from coal to LNG. But she added that a country has to reconcile its commitment to national interest with its international obligations.

The Indian Minister said that contrary to the doubts voiced in the Sri Lankan media ,Sri Lankan entrepreneurs are keen on ETCA and ISLFTA because these offer opportunities to enter the 1.2 billion Indian market.

Sri Lankan Minister Samarawickrama said that the island nation is interested in attracting Indian investment in construction, ship and harbor building, infrastructure development and energy.

Sitharaman, who has come with a large Indian business delegation, added that Indians are keen on investing Sri Lanka and their aim is to being in an investment of US$ 2 billion in the next three to four years.

 

SendShareTweetShareShare
Editor

Editor

Recommended Articles

  • All
  • Recommend
Contribution of T.B.Jayah to Sri Lanka-Pakistan relations

Contribution of T.B.Jayah to Sri Lanka-Pakistan relations

February 23, 2021
The Bengalis’ pioneering struggle for language rights

The Bengalis’ pioneering struggle for language rights

February 21, 2021
Imran Khan’s climb to the political summit was long and hard

Imran Khan’s climb to the political summit was long and hard

February 20, 2021
Indian Foreign Minister’s visit to Male enhances economic ties with  Maldives

Indian Foreign Minister’s visit to Male enhances economic ties with Maldives

February 20, 2021
Imran Khan to participate in Pak-Lanka trade and investment conference in Colombo

Imran Khan to participate in Pak-Lanka trade and investment conference in Colombo

February 19, 2021
Unless minorities’ issues are addressed, there can be no peace in Myanmar

Unless minorities’ issues are addressed, there can be no peace in Myanmar

February 19, 2021

Advertorial

  • All
  • Advertorial
Visual and Textual Analysis for Images with Reverse Search Tools

Visual and Textual Analysis for Images with Reverse Search Tools

January 3, 2021

Popular Now

  • Don't fall for this simple trick to get your WhatsApp hacked

    Don’t fall for this simple trick to get your WhatsApp hacked

    116 shares
    Share 100 Tweet 7
  • Spotify to expand into more than 80 new markets including Sri Lanka, Pakistan and Maldives

    11 shares
    Share 5 Tweet 3
  • Vaccines roll out to public; six centres in Colombo

    11 shares
    Share 5 Tweet 3
  • Contribution of T.B.Jayah to Sri Lanka-Pakistan relations

    52 shares
    Share 47 Tweet 2
  • Need to go back to history to understand South Asia

    28 shares
    Share 24 Tweet 2
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In