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Sat, 28 March 2015 21:16:06
Sri Lanka and India sign bilateral deal on product standards
04 Aug, 2006 16:18:56
August 4, 2006 (LBO) – Sri Lanka and India have agreed to recognise product certificates issued in both countries, cutting down red tape and transaction time when goods are traded.
Sri Lanka's Cabinet of Ministers has approved the bilateral agreement between Sri Lanka Standards Institution (SLSI) and the Bureau of Indian Standards, Cabinet spokesperson, Anura Yapa said.

"Sri Lankan exporters have to satisfy Indian standards whenever goods are exported to India and India has to do the same when they export to Sri Lanka," Anoma Premathilake Deputy Director Marketing of the Export Development Board (EDB) told LBO on Friday.

"We have to submit samples and further documentation that will certify our goods are up to their standards and it is mostly food products that need to conform to these standards."

Meat and biscuit products are some of the commonly traded products that face this problem, Premathilake said.

With the new agreement, India will recognise the Sri Lankan SLS standard and Sri Lanka the Indian ISI standard, when goods travel between the countries.

Mutual recognition of product certificates will cut down transaction time and red tape, officials say.

India is Sri Lanka's third largest trading partner, with exports going up from 385.5 million dollars in 2004 to nearly 589 million dollars last year, the EDB said.

Imports rose from 1.35 billion dollars in 2004 to 1.43 billion dollars in 2005.

"The two parties will sign a Mutual Recognition Agreement (MRA) during the third week of this month," Shirani Weragoda, Director General of SLSI said Friday.
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