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Make FTA report public: PNF

11 Dec 2018

The Professionals' National Front (PNF) today urged President Maithripala Sirisena to make the content of the report compiled by a Presidential Commission on the Sri Lanka-Singapore Free Trade Agreement available to the public immediately.

It was reported that the committee handed over the report to the President on Monday.

The presidential committee, chaired by retired Economics Professor W.D. Lakshman, has reviewed the new Trade Policy Paper of the Agreement, projections on how the removal of import duties – within a period of three years -will impact domestic industries and the consumer, assessments of the impact the agreement would have on other service sectors of Sri Lanka, and the preparation of policy guidelines on how the Sri Lanka-Singapore trade agreement should take shape for the future.

The PNF have also urged President Sirisena to revoke the agreement and to take steps to prepare a National Trade Policy.

Sri Lanka and Singapore signed the FTA in January during the official visit of Singapore Prime Minister Lee Hsien Loong to Colombo.


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