Sri Lanka hopes economic pact with India by year end

  1. Seeking to strengthen the Indian Ocean island’s ties with its big neighbour and reduce its dependency on Chinese investment.
  2. We are looking at a permanent agreement on cooperation on economic affairs – trade, investment and technology for development.
  3. India fears that $2 trillion economy could dominate that of Sri Lanka, with a gross domestic product of just $75 billion.
  4. Bilateral trade touched $3.64 billion in 2013,Of that, India’s exports to the island were $3.09 billion while it imported $543 million worth of goods from Sri Lanka.
Foreign Policy Watch: India-SAARC Nations
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