India has emerged as Sri Lanka's biggest importing source nation ahead of China and Singapore. Sri Lankan Investment Promotion Minister Lakshman Yapa Abeywardene told reporters that India accounted for 18 per cent of Sri Lanka's total imports while the corresponding figure for China was 16 per cent and that for Singapore was 9 per cent. He said this was a direct result of the Free Trade Agreement with India.Pakistan is the only other nation with whom Sri Lanka has signed the FTA.Abeywardene said India is Sri Lanka's third largest export market with 5 per cent of exports going to the giant neighbour.The US with 24 per cent and the UK with 10 per cent are ahead of India.
News On AIR | May 29, 2014 8:30 PM
India emerges as Lanka's biggest importing source nation