Harin says FTAs key to boost exports

Wednesday, 3 October 2018 00:00 - - {{hitsCtrl.values.hits}}

By Nuwan Senarathna

Telecommunication, Digital Infrastructure and Foreign Employment Minister Harin Fernando yesterday emphasised that Free Trade Agreements (FTA) would help boost Sri Lanka’s exports. “If we want to improve our exports we have to look for new markets, and an FTA is the best way to do that,” he said at a press conference held at Sirikotha. He stated that Free Trade Agreements would enable Sri Lanka to improve its trade balance and confront the recent currency depreciation. He also stated that the FTA would pave the way to enter a new market with fewer constraints.

“If we observe global trends, we can understand that the entire world is experiencing the same situation; this arose because of the political rivalry between the US and China. But to overcome this we have to strengthen the rupee by increasing exports,” he added. He pointed out that Sri Lanka could not be an isolated nation in the current global arena. He added that if people observed the Government’s policies, which were based on mature economic principles, they would be able to gauge the reality of the situation.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.