"We more or less cleared the text of the agreement," said Manel de Silva, Sri Lanka's director general of commerce.
"Most of the MRAs (Mutual Recognition Agreements) have been more or less finalized, such as on tea export and harmonization of standards on ayurveda."
An MRA between the tea boards of the two countries would make it easier to ship Ceylon tea to India.
"This is a very major step forward. It will make it easier for our tea to go to India," de Silva said.
Under the deal, Indian authorities will accept reports from Sri Lankan laboratories designated by the government, eliminating the need for exporters to send samples abroad for testing.
Teas for export have to be tested to ensure they are free of chemical residues from fertilizer and pesticide application.