The Cabinet of Ministers has granted its consent to review regional trade accords and independent trade accords that are still under discussion.
Co-Cabinet Spokesman Mass Media Minister Keheliya Rambukwella told the weekly Cabinet media briefing held at the Government Information Department, that regional and independent trade agreements are main features of international trade and they had escalated in number and complexity as well.
“Although Sri Lanka too had entered into several such accords, it has been observed that the expected results have not been gained from some of those.Therefore, the Cabinet of Ministers approved the resolution by the Trade Minister to re-initiate discussions by reviewing such agreements still under discussion in accordance with the ‘Vistas of Prosperity and Splendour’ and to study the possibility of entering into new regional trade accords and independent trade accords thereon.
