International Chamber of Commerce Sri Lanka (ICCSL) together with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be facilitating a joint seminar on the Singapore Sri Lanka Free Trade Agreement (FTA) on Friday, 6 April at the CA Auditorium.
Sri Lanka entered into a Free Trade Agreement (FTA) with Singapore recently marking a new milestone in the relations between the two countries’ economies. This is the first comprehensive trade agreement that Sri Lanka has signed which will have a significant impact on bilateral trade and enhance economic and investment relations with Singapore. The agreement covers trade, services, investment, non-tariff measures such as sanitary and phytosanitary measures, technical barriers to trade, trade remedies, dispute settlement, customs cooperation and trade facilitation.
CA Sri Lanka in partnership with the International Chamber of Commerce Sri Lanka (ICCSL) has organised a forum where several subject experts will share their views on the much talked about FTA including how this agreement can benefit both countries. The seminar will focus on the emerging opportunities within the FTA for both countries, access to the service industry and investment ventures with Singapore, Tariff benefits to conduct business with Singapore, Rules of Origin on domestic value addition and on predictability and transparency for investors and the scope of the FTA for Sri Lankan entrepreneurs to explore new markets with other ASEAN countries.
The keynote presentation will be made by Weerasinghe, Chief Negotiator – National Negotiation Team on Free Trade Agreement and Consultant MODSIT. Other presentations will be done by Dr. Samarappuli, Member of the negotiating team, Investments and Deshal De Mel, Negotiating team – Trade in Services, Advisor, Ministry of Finance. The presentations will be followed by a panel discussion. Panellists include Shanil Fernando, Secretary – ICCSL/Director – Colombo Stock Exchange and a few other leading business leaders. Arjuna Herath, Partner, Ernst & Young will moderate the panel discussion. Members and non-members of both institutes are welcome to participate at this seminar which will help answer queries with regards to the key changes proposed under the new Act. Further details can be obtained by emailing email@example.com firstname.lastname@example.org.
ICCSL is the domestic chapter of the Paris based international world business organisation, the International Chamber of Commerce (ICC) and has over six million-member companies, chambers of commerce and business associations in over 130 countries.