Home
Register
Sri Lanka, US talks on removing impediments to trade
Aug 31, 2016 21:11 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lankan and American officials begin a round of talks in Colombo Thursday to complete a work plan under the U.S.-Sri Lanka Trade and Investment Framework (TIFA) aimed at improving bilateral trade.
“I am here to complete the work-plan under US-Sri Lanka Joint Action Plan finalised on 28 April in Washington DC,” said US Trade Representative Delaney on a visit to Colombo.
“We are finalising the work-plan tomorrow, 01 September, in Colombo and it will go into effect immediately,” a Commerce and Industries Ministry statement quoted Delaney as saying.
“Tomorrow’s Work Plan will help to address chief impediments to better trade performance between US and Sri Lanka. We believe that once this work plan is implemented our trade will increase substantially. With the new government’s reform focus, we have a great opportunity.”
Delaney spoke at a meeting with the Sri Lankan government’s Industry and Commerce team headed by Minister of Industry and Commerce Rishad Bathiueen on 31 August.
On April 28, 2016 in Washington, DC the 12th U.S.-Sri Lanka Trade and Investment Framework (TIFA) Council meeting was held Co-chaired by United States Trade Representative Michael Froman and Sri Lanka Minister of Development Strategies and International Trade Malik Samarawickrama.
With a goal of significantly increasing two-way trade and investment between the United States and Sri Lanka, the two governments adopted a U.S.-Sri Lanka Joint Action Plan to boost trade and investment at the 28 April TIFA Council meeting.
The Inter Sessional meeting of 12th TIFA Joint Council Meeting will be held in Colombo on 01 September.
In 2015, total bilateral trade between the two countries stood at $3.3 billion.
According to the Department of Commerce of Sri Lanka, the US continues to be the largest single export market for Sri Lanka having absorbed 23% of Sri Lanka’s total exports.
(COLOMBO, August 31, 2016)
Aug 31, 2016 21:11 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lankan and American officials begin a round of talks in Colombo Thursday to complete a work plan under the U.S.-Sri Lanka Trade and Investment Framework (TIFA) aimed at improving bilateral trade.
“I am here to complete the work-plan under US-Sri Lanka Joint Action Plan finalised on 28 April in Washington DC,” said US Trade Representative Delaney on a visit to Colombo.
“We are finalising the work-plan tomorrow, 01 September, in Colombo and it will go into effect immediately,” a Commerce and Industries Ministry statement quoted Delaney as saying.
“Tomorrow’s Work Plan will help to address chief impediments to better trade performance between US and Sri Lanka. We believe that once this work plan is implemented our trade will increase substantially. With the new government’s reform focus, we have a great opportunity.”
Delaney spoke at a meeting with the Sri Lankan government’s Industry and Commerce team headed by Minister of Industry and Commerce Rishad Bathiueen on 31 August.
On April 28, 2016 in Washington, DC the 12th U.S.-Sri Lanka Trade and Investment Framework (TIFA) Council meeting was held Co-chaired by United States Trade Representative Michael Froman and Sri Lanka Minister of Development Strategies and International Trade Malik Samarawickrama.
With a goal of significantly increasing two-way trade and investment between the United States and Sri Lanka, the two governments adopted a U.S.-Sri Lanka Joint Action Plan to boost trade and investment at the 28 April TIFA Council meeting.
The Inter Sessional meeting of 12th TIFA Joint Council Meeting will be held in Colombo on 01 September.
In 2015, total bilateral trade between the two countries stood at $3.3 billion.
According to the Department of Commerce of Sri Lanka, the US continues to be the largest single export market for Sri Lanka having absorbed 23% of Sri Lanka’s total exports.
(COLOMBO, August 31, 2016)
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?