Pres­i­dent ap­points ex­perts to study FTA with Sin­ga­pore

Daily Mirror (Sri Lanka) - - BUSINESS NEWS -

Pres­i­dent Maithri­pala Sirisena last week ap­pointed a com­mit­tee of ex­perts to study the Sri Lanka-sin­ga­pore Free Trade Agree­ment (SLSFTA) and sub­mit a re­port.

The Pres­i­dent’s Me­dia Divi­sion (PMD) said he ap­pointed the com­mit­tee af­ter tak­ing into con­sid­er­a­tion views ex­pressed by var­i­ous par­ties over the is­sue. The five-mem­ber com­mit­tee is headed by W.D. Lak­sh­man, for­mer Vice Chan­cel­lor of Colombo Univer­sity and Emer­i­tus Pro­fes­sor of Eco­nomics.

The other mem­bers are: Sir­imevan Colom­bage, Emer­i­tus Pro­fes­sor of Eco­nomics at the Open Univer­sity, Ajitha Ten­nakoon, Emer­i­tus Pro­fes­sor of Eco­nomics at the Univer­sity of Ke­laniya, in­de­pen­dent con­sul­tant Dr. Sanath Jayanetti and the Cen­tral Bank’s for­mer As­sis­tant Gov­er­nor R.A. Jay­atissa.

In ad­di­tion to study­ing the SLSFTA, the com­mit­tee is ex­pected to make rec­om­men­da­tions re­gard­ing the prac­ti­cal im­pact and uses of the pro­posed new trade pol­icy and of­fer guid­ance on for­mu­lat­ing Sri Lanka’s fu­ture trade pol­icy, the PMD said.

The com­mit­tee’s scope in­cludes study­ing how the Sri Lankasin­ga­pore FTA could im­pact in­sti­tu­tions pro­vid­ing var­i­ous ser­vices in Sri Lanka, its po­ten­tial im­pact on the coun­try’s so­cial and eco­nomic sit­u­a­tion and the peo­ple’s stan­dard of liv­ing.

The com­mit­tee is ex­pected to sub­mit its re­port within two months, though the Pres­i­dent will check on the progress of its work from time to time through in­terim re­ports.

Any in­ter­ested party is wel­come to make sub­mis­sions be­fore this com­mit­tee, the PMD added.

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