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Could jeopardize the expected results of ETCA

Controversial agreement on economic and technical cooperation (ETCA) currently under negotiation with India can not create market access and competition in scale is expected in Sri Lanka because of the toxic policy that prevailed Between the two countries for a long time and believes a policy analyst. According to Professor Razeen Sally, associate professor at Lee Kuan Yew School of Public Policy at National University of Singapore, policy on both sides of the negotiating table could undermine the true virtue of the results of the trade pact. "We will not see many new open markets, new competition and forge closer integration between Sri Lanka and India because of the policy on both sides and in particular the policy here (Sri Lanka)," he said. Teacher. Sally, who is also the President of the Institute of Political Studies in Sri Lanka, a group of experts on publicly funded public policies, said it is unlikely that the true potential of the agreement , Given India's considerable level of protectionism in concluding trade agreements, as has already been seen in the unresolved non-tariff barriers in the Indo-Lanka Free Trade Agreement (TLC). The current administration and a section of economists seem to believe that the proposed ETCA as a panacea for all the economic ills of Sri Lanka. However, they admit that non-tariff barriers are a key issue when negotiating with India. Defensive mechanisms and parochialism of the Sri people could also affect the expected outcomes of the proposed agreement. Despite agreeing that Sri Lanka needs to forge better economic relations across the Palk Strait, due to its location, Professor Sally expressed doubts about the success of the final product because the history of denial Commercial of Sri Lanka it remains poor. "Negotiations are not prepared here and certainly communication with the public in Sri Lanka has not been done," Professor Sally told a public seminar organized in Colombo by the Advocata Institute, a think-tank Independent on public policy, as well as the Echelon business magazine recently.He stressed not only in the ETCA but even in other bilateral trade deals negotiated with China and Singapore, will not result in an increase in trade And other economic outcomes without fundamental economic reforms. "None of them (LAC) will make a serious difference to the economy of Sri Lanka in the way it operates. He insisted that policymakers create better ties with the four southern states of India: "We need better bilateral ties with four southern states of India," he said. India, in addition to the ETCA negotiations, "he said. However, Sri Lanka's relationship with the Tamil Nadu government is strained by the alleged violation of Tamil human rights in the north and illegal fishing by Fishermen in southern India in the waters to risk the livelihood of the fishing community in the north. Professor Sally, a classic liberal economist, said that companies in Sri Lanka should be connected to the Southern India to make use of these links as a stepping stone to world markets, but there is a significantly more trade imbalance between the two countries, the data trade between the two countries for 2015 showed that Sri Lanka had Imported $ 4,300 million of merchandise from India, while exported only $ 643 million of merchandise to India. Professor Sally also said that Sri Lanka should invite the first South India business houses to learn best practices and create competition in the local market, now dominated by a small number who do not want competition. "We need more competition and best practices between top business houses in India that start with trading houses in southern India like Murugappa in Chennai.This is precisely what needs Sri Lanka and should Perhaps a platform for the best Sri Lankan companies will become global, "he said. Speaking of the movement of people under ETCA, under negotiation, Professor Sally welcomed the initiative and said that Sri Lanka needs Indian professionals to overcome mediocrity in the local talent pool. "In fact, we need Indian professionals in Sri Lanka. We need professionals and intellectuals from around the world,

 
 

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