Speaking to Indian media today former President Ranil Wickremesinghe emphasized that in light of the recent tariffs placed on Sri Lanka it is essential that the “Economic and Technology Corporation Agreement” (ECTA) be finalised between Sri Lanka and India.
The former President also stated that the FTAs signed with Singapore and Thailand must be operationalized while the country continues to pursue RCEP membership.
“ETCA (Economic and Technology Co-operation Agreement) should be complete. My idea was that it be completed in 2025. We have to go ahead now. We were relying on the US and others. But you can see how the US trade policies are now, the US as a market will not be that open. We don’t know what will happen with the EU because we are depending solely on these for our apparel markets. So first, we have to complete this agreement and sign it this year… We have to have a new trading policy. While we don’t abandon what we have, we go into the new area. But that also requires new products. Apparel alone may not be enough.”
#WATCH | Colombo | On PM Modi’s visit to Sri Lanka, former Sri Lankan president Ranil Wickremesinghe says, “ETCA (Economic and Technology Co-operation Agreement) should be complete. My idea was that it be completed in 2025. We have to go ahead now. We were relying on the US and… pic.twitter.com/vL4PE4PFAA
— ANI (@ANI) April 4, 2025
The post Tariff issue : “My idea was to complete India ETCA in 2025” Ranil appeared first on Islandnews.
