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Nalin Welgama says SL must revisit FTA with India after US tariff move
Daily FT
|April 04, 2025
IDEAL Group Founder and Executive Chairman Nalin Welgama yesterday called for a reassessment of Sri Lanka's Free Trade Agreement (FTA) with India, highlighting the $2.75 billion annual trade deficit between the two neighbouring countries.
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His opinion was shared via a LinkedIn post, following the US' announcement of steep 44% new tariff on Sri Lanka under its reciprocal tariff policy. "It's important to revisit our FTA with India and seek permission for our products to access the lucrativ
This story is from the April 04, 2025 edition of Daily FT.
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