India and Sri Lanka negotiate expanded free trade agreement, covering goods, services, investment, and economic cooperation.

India seeks duty concessions on cars, commercial vehicles, and machinery in FTA with Sri Lanka; both countries discuss rules of origin, goods, services, and technical barriers for trade. Sri Lanka requests quota removal for apparel exports and duty concessions on tea, certain agricultural products. They aim to expand their existing free trade agreement in goods to a Comprehensive Economic Partnership Agreement, covering services, investment, and other economic cooperation areas.

August 04, 2024
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