Sri Lanka and Bangladesh are considering to inking a free trade agreement between the two countries.
Attention was drawn towards this initiative during a meeting held between Finance Minister Ravi Karunanayake and Bangladesh High Commissioner Riaz Hamidullah at the Finance Ministry on Friday.
The discussion was centered on the benefits to be tapped by both countries from such an important regional trade agreement of this nature. In addition, strategies to minimize the impact on the economies of the two countries which is expected to be caused due to looming economic depressions were also discussed during the meeting.
It was also noticed that the implementation of the proposed agreement would be easier due to the close geographical locations of the two countries in the Asian region.
Accelerating naval links between Chittagong of Bangladesh and Colombo would also help implement this agreement successfully.
Meanwhile the Bangladesh High Commissioner said that Sri Lanka and Bangladesh, as leading apparel manufacturers could be able to work together to further expand their exports to new foreign markets.
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