Off the wire
• Interview: Japan's attempts to hamper application of "comfort women" documents to UNESCO set to backfire  • Lao gov't warns illegal activities against protected species  • Roundup: S.Korea to provide 17 bln USD fiscal stimulus after cutting economic outlook  • China needs foreign businesses in economic transition: premier  • News Analysis: Asia needs cooperation mechanism for greater say on world energy market  • Elderly patients subjected to invasive, potentially harmful end of life treatment: Australia-led study  • Mercosur to hold ministerial meeting to mark change of bloc's presidency  • Australians abducted from Nigeria undergoing health checks, yet to return home  • China stresses app obligations in information security  • Missing helicopter of Thai air force found crashed, all three on board dead  
You are here: 　 Home

Sri Lanka to expedite economic, technology cooperation deal with India

Xinhua, June 28, 2016 Adjust font size:

Sri Lanka Prime Minister's office has said the government will expedite the signing process of Economic and Technology Cooperation Agreement with India, local media reported Tuesday.

The decision was made in response to the fallout of Brexit. Local businesses had suggested that speeding up the deal will benefit stability and continuity of the country's economy.

The prospect of Sri Lanka's exports to Britain, which account for some 40 percent of the country's total exports to Europe, became uncertain given the new situation in Europe.

According to the report, a group of Sri Lankan officials will arrive at New Delhi to negotiate with India and fast track the signing of the agreement.

Sri Lanka will also explore the possibility of signing trade agreements with countries such as Bangladesh and Myanmar, according to the report. Endit