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

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Daily Foreign Transactions
by ruwan326 Today at 7:17 am

» EAST looks promising
by prabath Yesterday at 7:15 pm

» CTCE share holders get 1000 per share
by prabath Yesterday at 7:14 pm

» What companies to consider?
by mark Yesterday at 4:25 pm

» How to pick winning stocks by analysis not through predictions and gossip news-1
by ruwan326 Sat Jul 21, 2018 9:12 pm

» six-rules-to-follow-when-picking-stocks
by ruwan326 Sat Jul 21, 2018 8:59 pm

by samaritan Sat Jul 21, 2018 11:45 am

» BPPL going to be a gem
by ruwan326 Fri Jul 20, 2018 8:23 pm

» Sri Lankan shares close at 3-week high; Keells leads
by Miss-Sangeetha Fri Jul 20, 2018 7:40 pm

» expo.. @4.00
by Sameerad Fri Jul 20, 2018 12:26 pm

» ASI And The Future of Investors
by ruwan326 Fri Jul 20, 2018 9:45 am

» Keells Foods net profit grows 34-pct in June quarter, revenues up
by DS Wijesinghe Thu Jul 19, 2018 10:26 pm

by ruwan326 Thu Jul 19, 2018 9:05 pm

by ruwan326 Thu Jul 19, 2018 8:56 pm

» World Bank and Dept. of Commerce elevate Sri Lanka int’l trade to global info platform
by ruwan326 Thu Jul 19, 2018 7:19 pm

» Market will be Green today
by ruwan326 Thu Jul 19, 2018 6:52 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Harsha says possible FTA with US

Harsha says possible FTA with US

Go down  Message [Page 1 of 1]

1 Harsha says possible FTA with US on Sat Nov 21, 2015 6:00 pm


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Sri Lanka is looking to consolidate trade ties with the United States of America with Deputy Minister of Foreign Affairs Dr. Harsha De Silva voicing the Government’s intention of striking a Free Trade Agreement (FTA) with the US at “some point” in the future.
The US is currently the single largest importer of Sri Lankan goods with 25% of its exports going to North America. As of 2014 Sri Lanka had exported $ 2.4 billion worth of goods to the US, while importing goods worth $ 350 million. De Silva believes these numbers show it is now the opportune moment to build on trade between the two nations.

“It is time for all of us to redouble our efforts to forge a stronger trade relationship with the US. This is something your [Sri Lankan] Government is seriously interested in doing,” he said, speaking at the opening of the US Trade Show 2015 in Colombo yesterday. 
“If we can at some point in time advance our discussions which started 12 years ago to culminate in a US-Sri Lanka FTA, we would want to do that. It is of course a long way ahead, but we are moving the discussion forward at the highest levels.”
While some may call a free trade pact with the US fanciful, Sri Lanka’s improving trade relations with the US gives more credence to the possibility. This fact was trumpeted by US Ambassador to Sri Lanka Atul Keshap, who shared his belief that moves made by the new Government have offered up “new and tremendous” business opportunities between the two countries.
“I believe that our two countries can do a tremendous amount together to enhance our economic relationship and expand our bilateral trade. That’s because the people of Sri Lanka have made clear their intent to leave aside the politics of the past in order to build a promising, unified future. And the Government of Sri Lanka has responded with plans to adopt policies that will make it easier for business to operate in and trade with Sri Lanka.”
Acknowledging Sri Lanka’s strategically advantageous geographic location, which naturally lends itself as a logistics hub as well as an attractive destination for expatriates, Keshap cited US Secretary of State John Kerry’s belief that Sri Lanka “has the potential to be the fulcrum of a modern Indo-Pacific region”. However, he noted achieving this vision would not be easy.
“American companies would like to see more economic policy consistency, a more fiscally stable government, and sustained enforcement of transparency policies in Sri Lanka,” he explained.
“American companies are looking invest in safe, stable and transparent policy environments, where they feel they can have long-term commitments. But I am confident President [Maithripala] Sirisena and Prime Minister [Ranil] Wickremesinghe and members of the business community can and will work together to make the tough reforms necessary.”

- See more at:

Back to top  Message [Page 1 of 1]

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