Consultant Of Indo- Sri Lanka Free Trade Agreement

Indo Sri Lanka Free Trade AgreementObjectives 1.       The Contracting Parties shall establish a Free Trade Area In accordance with the provisions of this Agreement and In conformity with relevant provisions of the General Agreement on Tariffs and Trade, 1994.   2. The objectives of this Agreement are:            To promote through the expansion of trade the harmonious development of the economic relations between India and Sri Lanka.          To provide fair conditions of competition for trade between India and Sri Lanka          In the implementation of this Agreement the Contracting Parties shall pay due regard to the principle of reciprocity          To contribute in this way, by the removal of barriers to trade, to the harmonious development and expansion of world trade   Rules of Origin 1. Products covered by the provisions of this Agreement shall be eligible for preferential treatment provided they satisfy the Rules of Origin as set out in Annexure C to this Agreement which shall form an Integral part of this Agreement.   2. For the development of specific sectors of the industry of either Contracting Party, lower value addition norms for the products manufactured or produced by those sectors may be considered through mutual negotiations.