ECONOMYNEXT – Sri Lanka’s cabinet of ministers has given the go ahead to take forward the process to be a member of the Regional Comprehensive Economic Partnership (RCEP) by responding to a questionnaire sent by the grouping. “Under this agreement, steps must be taken by the parties to fully eliminate tariffs on 85 percent to 90 percent of their tariff rates,” post-cabinet statement said. “Through accession to this agreement, Sri Lanka will be able to diversify its exports and markets, as well as strengthen its participation in regional and global supply chains.” The RCEP with initial membership of the ASEAN…
Sri Lanka to respond to RCEP and take forward membership process
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth