Cabinet has approved the appointing of an Expert Committee to formulate a National Trade Policy.

A proposal made by Minister of Trade Bandula Gunawardana, to appoint an Expert Committee representing all relevant parties to formulate a new National Trade Policy appropriate to the current institution, was approved, Cabinet spokesman Keheliya Rambukwella said.

He said that the National Trade Policy approved by the Cabinet of Ministers on 1 August 2017 was not formulated properly in consultation with all relevant parties.

He said that a properly formulated trade policy is especially important, so that there would be proper scrutiny of international trade agreements, and that all future agreements are done in a manner that it is beneficial to the country.

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