India, S Lanka to expand free trade pact
July 11, 2008 00:00:00
COLOMBO, July 10 (AFP): India and Sri Lanka will expand their free trade agreement with a new pact to be signed on the sidelines of a South Asian summit in Colombo, diplomats said today.
The two countries entered a free trade deal in 1998 limiting tariff concessions to goods, but the new comprehensive economic partnership agreement (CEPA) covers services such as banking and also allows greater cooperation between customs administrations.
