(August 06, Colombo, Sri Lanka Guardian) The Government has assured that the Comprehensive Economic Partnership Agreement (CEPA) between India and Sri Lanka would be implemented only after placing all the facts to the public and decides upon their approval or disapproval.
Minister of Export Development and International Trade Prof. G.L.Pieris speaking at the adjournment motion said that all professionals have got excited as services too would be exchanged within countries and have a fear that it would affect their professions badly.
His comments came amidst allegations by the opposition that the government had failed to disclose the facts about the agreement.
Minister Pieris justifying the CEPA agreement said that India had been the 16th exporter for Sri Lankan goods but today it's the 3rd exporter and the Import export ratio between Sri Lanka had been 11:1 in 1998 and 3:1in 2008. He agreed that there may be pros and cons in any agreement and added that India doesn't mind even if Sri Lanka agrees to sign it or not.
MP Wimal Weerawansa said that no proper assessment have been done by the relevant authorities on CEPA.
He said that the agreement which was proposed in2002 by the then UNP rule had dragged for 6 years due to reasons that would affect the country in an adverse manner and now the present government is hoping to implement this with no vision on how Sri Lankan investors and entrepreneurs would compete in the huge Indian market.
He said that Indian officials would use all tactics in order to make the agreement more favorable for the Indians and our investors with lost hopes would return to the country.
UNP MP Ravi Karunanyake agreed on the agreement but stressed that the agreement would be null if Sri Lankan investors are not supported to compete with the Indian companies.
He also said that the Indian's are astonished on the government's weak stance on such an important agreement.
- Sri Lanka Guardian
Minister of Export Development and International Trade Prof. G.L.Pieris speaking at the adjournment motion said that all professionals have got excited as services too would be exchanged within countries and have a fear that it would affect their professions badly.
His comments came amidst allegations by the opposition that the government had failed to disclose the facts about the agreement.
Minister Pieris justifying the CEPA agreement said that India had been the 16th exporter for Sri Lankan goods but today it's the 3rd exporter and the Import export ratio between Sri Lanka had been 11:1 in 1998 and 3:1in 2008. He agreed that there may be pros and cons in any agreement and added that India doesn't mind even if Sri Lanka agrees to sign it or not.
MP Wimal Weerawansa said that no proper assessment have been done by the relevant authorities on CEPA.
He said that the agreement which was proposed in2002 by the then UNP rule had dragged for 6 years due to reasons that would affect the country in an adverse manner and now the present government is hoping to implement this with no vision on how Sri Lankan investors and entrepreneurs would compete in the huge Indian market.
He said that Indian officials would use all tactics in order to make the agreement more favorable for the Indians and our investors with lost hopes would return to the country.
UNP MP Ravi Karunanyake agreed on the agreement but stressed that the agreement would be null if Sri Lankan investors are not supported to compete with the Indian companies.
He also said that the Indian's are astonished on the government's weak stance on such an important agreement.
- Sri Lanka Guardian
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