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Topic: Business
Number of pages / Number of words: 3 / 833
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So this is ensuring complete free trade between India and Sri Lanka by 2012.

Group of 15

It was set up to foster cooperation and provide input for other international groups, such as the World Trade Organization. The G15 focuses on cooperation among developing countries in the areas of investment, trade, and technology...


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Sri Lanka and India being the member of this treaty are creating new opportunity of trade in the region.

The most influential treaty that influenced the tariffs structure between India and Sri Lanka is SAFTA. Under this agreement, the relatively developed states in the region namely India and Pakistan are required to bring down their custom duties to 0 - 5% within five years, Sri Lanka would implement this plan is a span of 6 years, while other member states would achieve this targets within a period of 10 years...


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