Sirisena, PM agree to sign FTA by 2017

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PV Desk : Bangladesh and Sri Lanka agreed to enter into a free trade regime by this year.

The two countries reached to the decision during official talks between Sri Lankan President Maithripala Sirisena and Bangladesh Prime Minister Sheikh Hasina here today.

“President Sirisena and Prime Minister Sheikh Hasina unanimously came to the decision to sign the Free Trade Agreement (FTA) by 2017,” Foreign Secretary M Shahidul Huq said while briefing reporters on the outcome of the meeting.

The foreign secretary said both countries decided to complete all negotiations and studies in this regard as soon as possible to make way for the FTA, which will be the first such agreement of Bangladesh with any country.

“The decision on FTA is a big political push towards trade and investment collaboration between the two countries,” he said.

PM’s press secretary Ihsanul Karim and Bangladesh Ambassador to Sri Lanka Reaz Hamidullah were present.