Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Sri Lanka News
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Political and Socio-Economic Analysis » SL-PAK FTA UPGRADING DURING SHARIF'S VISIT

SL-PAK FTA UPGRADING DURING SHARIF'S VISIT

View previous topic View next topic Go down  Message [Page 1 of 1]

1 SL-PAK FTA UPGRADING DURING SHARIF'S VISIT on Thu Nov 12, 2015 2:38 pm

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics


The free trade agreement between Pakistan and Sri Lanka will be taken to the next level when Pakistani Premier Nawaz Sharif visits the island in the first week of January 2016.

This was told to this reporter by Pakistan's visiting Commerce Minister Khurram Dastgir at a function in Colombo on Tuesday. He termed this 'exalted' level as FTA (free trade agreement) Two (2).
The annual US$ 450 million trade between the two countries which is in favour of Pakistan is a fraction of Sri Lanka's total world trade which is in the region of $ 30,000 million. "The FTA is at a plateau, it will be raised to the level of FTA 2 during Sharif's visit", the Minister said.

Dastgir said that Sharif's visit will bring with it two sets of lists of tradeable items, one in favour of Pakistan and the other in Sri Lanka's favour, which would entail the broadening of tax concessions and quotas of items which the two countries want to export to each other.
"As it currently stands, the status quo vis-à-vis Sri Lanka-Pakistan FTA (SPFTA) remains unchanged however", the Minister said.
With reference to tea, which exports are quota restricted, he said that Sri Lanka is not fully utilizing its quota, to which Sri Lanka's Commerce Minister Rishad Bathiudeen who was also present at this occasion nodded in assent.
"I think it's also the case with ceramic ware and garments", said Dastgir, when this reporter brought-up these two export sub sectors to Dastgir, two other export strong points in Sri Lanka's economy, which penetration too to the Pakistani market is however regulated by quotas and/or import taxes.

Bathiudeen told this reporter that trade between the two countries is envisaged to hit the US$ one billion mark by 2018.
Meanwhile, Dastgir speaking at Tuesday's function said that flights between the two countries will be enhanced. "The move between the two countries is for a deep economic partnership," he said. Both countries now enjoy a period of peace, the minister said.

Now is the time for economic integration and shared prosperity, he said. Pakistan's economy is stabilized, it's reconnected to the world, the Minister said. The China-Pakistan Economic Corridor is to Sri Lanka's advantage, said Dastgir.

Sri Lanka-Pakistan Friendship Association President – Ifthikar Aziz, in his speech said that the FTA battles between the two countries needed to be sorted out for trade to hit the $ one billion goal.
Pakistan-Sri Lanka Business Council President Rohitha Thilakaratne said that Pakistan has a growing middle class which needs to be exploited by the island.

rsi.leaseconsult


Stock Trader
Dear Sir/Ma

I am direct to a project Funder who is also known as private lender they specialized in bank instrument lease and sales their funds is purely earned from private and corporate investment portfolios without criminal origin.With the group capital fund which are specifically for lease/sale in form of bank instrument. The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects.

The bank instrument can be use for purchase of goods from any manufacturer irrespective of their location. It can also serve as collateral with any bank in the world to secure loan for your project or to establish line of credit with your bank. We offer Bank Guarantee , all are issue from AAA Rated bank such as Deutsche Bank, HSBC Bank, UBS Zurich, Barclay's Bank , Standard Chartered Bank E.T.C. For more information, Endeavour to contact me as your convenient time.

Regards
RAMESH SUBRAMANIAM IYER 
Contact: rsi.leaseconsult@gmail.com
Skype ID: rsi.leaseconsult

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum