President Ranil Wickremesinghe said – Sri Lanka will further improve the trade deal with India

India-Sri Lanka Relation: Sri Lanka’s President Ranil Wickremesinghe, who is going through a shaky economic situation, on Friday spoke about the trade deal with India. Ranil said that his country is serious about upgrading the India-Sri Lanka Free Trade Agreement (FTA) to a Comprehensive Economic and Technological Partnership. He also said that there has been no significant progress in the work which started in 2018 and 2019.

Wickremesinghe said – FTA has to be brought on track

The President said, ‘‘Trade integration gives economic basis. A shared economic base is a precondition for better national security and better political relations. He said that the first such step is to bring FTAs ​​back on track and upgrade them to form a Comprehensive Economic Technology Partnership. The work on FTA that started in 2018 and 2019 did not make much progress.’’

Sri Lanka-India will be together in the field of energy

He said, "Two such major projects include power grid connections between India and Sri Lanka, offshore wind power, a solar power plant in Sampur in the eastern province and renewable energy projects on three islands of Jaffna in the north."

Vikramsinghe said – we will give renewable energy to India Is. But from Puttalam to Mullaitivu, if we harness renewable energy and go for green hydrogen and provide electricity to India too, it will lead to the uplift of the northern economy, which was not the case earlier. He said that we will promote Indian higher education institutions, especially for this Jaffna is an area which we have identified. 

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