Home / Knowledge / News / India-Lanka trade quadruples to $2.7 bn in Post-FTA
India-Lanka trade quadruples to $2.7 bn in Post-FTA
12
May '08
The India-Sri Lanka FTA, which was completely implemented by March 2008, has increased the bilateral trade by 4 times since 2000, according to a FICCI study.

FICCI study pointed out that the total bilateral trade increased by 4 times in the post-FTA period to reach $2.7 billion in 2006-07 from a mere $685 million in 2000-01.

The FTA implementation period for India was from 2000 to 2003, whereas for Sri Lanka, the implementation period was 8 years i.e. from 2000 to 2008.

FICCI study also observed that India has taken a lead over Japan in the post-FTA period in terms of share in Sri Lanka's global imports.

In 1999, India's share was 9.5% in Sri Lanka's imports and it was the second largest importer after Japan. But in 2005, India achieved a share of over 17.3% in Sri Lanka's imports and became the largest importer.

The FICCI study further pointed out that prior to the FTA the bilateral trade between India and Sri Lanka grew by just 10% per annum in the seven years period i.e. from 1993-99.

However, the FTA really accelerated the trade flow between the two countries and it grew by over 27% in the post-FTA period i.e. from 2000 to 2006.

Sri Lanka has also improved its presence in Indian market in the post-FTA period. In the pre-FTA period, Sri Lanka was ranked at 61 position in India's global imports, observed FICCI study.

Although, the share of Sri Lanka in India's global imports was not significant but its position improved from 61 to 34 by 2006-07.

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search