Indian Commerce Minister’s Visit to Sri Lanka

IAS Prelims 2023

Commerce and Industry Minister Nirmala Sitharaman visited Sri Lanka on September 26-27, 2016 with the objective of enhancing and deepening bilateral trade and investment relations.

She discussed various bilateral trade and investment issues with Prime Minister of Sri Lanka.

During the visit, a meeting of the India-Sri Lanka Business Forum was held. Many issues relating to trade, services and investment were highlighted and it was agreed that their resolution be explored.

The Commerce and Industry Minister also suggested that the meeting of the reconstituted India-Sri Lanka CEO Forum be held at the earliest.

The Commerce and Industry Minister also had a bilateral meeting with a high level Sri Lankan delegation led by Minister of Development Strategies and International Trade of Sri Lanka.

The leaders expressed satisfaction on the progress of the proposed Economic and Technology Co-operation Agreement (ETCA) between India and Sri Lanka.

It was noted that the Second Round of negotiations for the ETCA is scheduled to take place in New Delhi on September 29-30, 2016.

The leaders also discussed several other issues related to bilateral trade and investment.