11 October 2012
Sri Lanka’s information minister Keheliya Rambukwelle has announced that a joint task force, consisting of private and public sector personnel, has been set up to double trade between Sri Lanka and India.
Industry and commerce minister Rishad Bathiudeen made the proposal, which was then accepted by the cabinet.
India is also reported to have agreed to the setting up of an industrial zone, “most probably [...] in Trincomalee,” according to Bathiudeen.
Bilateral trade between the two countries was worth US$5 billion, with Sri Lankan exports to India reaching US$500 million last year.
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