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India and Sri Lanka launched
a bilateral FTA in 1998 which became operational in 2000.
Encouraged by the good experience with FTA in expanding the mutual
trade in an equitable and balanced manner, the two governments
decided to expand the scope of economic cooperation to cover
investment and services in the framework of a Comprehensive
Economic Partnership Agreement (CEPA). A Joint Study Group (JSG)
was set up to prepare a blue print of CECA. The Indian Ministry of
External Affairs requested RIS to prepare a study on investment
for discussions at the Joint Group Meeting. Accordingly, RIS
prepared a study on Investment Relations between India-Sri Lanka:
Some Analyses and Policy Recommendations and submitted it to the
Ministry of External Affairs in July 2003. Subsequently RIS was
requested to prepare an integrated draft of the Indian and Sri
Lankan inputs for incorporation in the Report of JSG. The JSG
concluded its work and finalized its Report at its Meeting held in
Candy, Sri Lanka in October 2003.
Research Team:
Dr. Ram Upendra Das and Mr. Jaya Prakash Pradhan
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