Colombo, Nov 10 (NIA) – Sri Lanka and Bangladesh are likely to sign a Free Trade Agreement in March, next year, which will boost trade and pave way for a huge cross border cargo transshipment via the Port of Colombo, the Commerce Ministry said in a statement on Thursday.
Bangladesh’s Commerce Minister, Tofail Ahmed, who is visiting Sri Lanka on an official visit said that the Sri Lanka, Bangladesh FTA can become a reality when Sri Lanka’s high level leaders visit Dhaka in March.
“Today both sides completed trade discussions successfully,” the Bangladesh Minister said.
“The Shipping Ministry of Bangladesh is also cooperating in this. We decided to use Colombo port in our future transshipment’s as we feel other regional ports to be expensive,” he added.
Through its feeder vessels, Bangladesh already transships to USA and Europe via Port Kelang, Singapore and Colombo.