Etca Agreement Advantages And Disadvantages

Although parts of Sri Lanka remain sceptical about the proposed Economic and Technological Cooperation Agreement (ETCA) with India, the pact, which would be an improvement over the existing Free Trade Agreement (FTA), will soon become a reality. India`s High Commissioner, Y.K. Sinha, used the 70th anniversary of independence to tell CRITICS AND skeptics of ETCA that “it is up to Sri Lankans themselves to decide on the contours of an agreement they sign with a foreign country.” However, there must be a “real debate and a real debate” between Sri Lankan interest groups. High Commissioner Sinha recalled the recent round table on the compact in Colombo and expressed the hope that the agreement, if signed, will be mutually beneficial for both countries. The guest speaker of the forum was Mr. Saman Kelegama, Executive Director of the Institute of Policy Studies, shared his views on the India-Sri Lanka agreement with members of the Institute. The forum aimed to determine whether the accounting profession was concerned by the proposed agreement and to assess the pros and cons, while CA Sri Lanka members were offered a platform to exchange ideas on the agreement. CA Sri Lanka President Lasantha Wickremasinghe said at the event that ETCA has generated great interest in the scientific community in recent months and that there have been both positive and negative feelings towards the agreement that the government intends to sign with India. Most trade policies, such as GATT, WTO and now TPPA, are heavily weighted in favour of economically powerful countries. In the past, such agreements have proven to be detrimental to people in the poorest countries. “Bilateral agreements are seen as an important method to accelerate growth between countries.

However, any bilateral or regional agreement signed by Sri Lanka must support the country`s holistic interests, including economic interests, while respecting people`s interests,” Wickremasinghe said. Let`s take an example. .