Sailent features Sailent features Establishment of a Free Trade Area through complete or phased elimination of tariffs. The FTA does not remove all tariffs on all goods at once. This extended time frame would enable Sri Lanka to expand and consolidate those domestic industries that are not internationally competitive. Negative lists to protect national interests of both countries.
Adequate safety clauses to protect both domestic and national interests of both countries.
Review and consultation mechanisms to ensure the smooth operation of the Agreement.