Trade off

The Comprehensive Economic Partnership Agreement (CEPA) between India and Sri Lanka is looking to be the latest casualty of the political uncertainty that gripped the country since November.
Thailand backed out of a bilateral trade pact earlier this week, refusing to sign it after the Sri Lankan parliament was dissolved.

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rnOriginally the Indo-Lanka CEPA was to have been signed around March endash April 2004, after the Prime Ministers of both countries endorsed a joint study on economic integration in October.rn

rnIndia put off nominating its negotiating team, which was to have worked out the details, derailing the original schedule.rn

rnBut a top trade ministry official says Sri Lanka is still prepared to carry the process forward.rn

rnldblquote The meetings were not held because India is also busy negotiating trade deals with many other countries as well, dblquote said senior Ministry of Commerce and Consumber Affairs officials. rn

rnOfficials added that a date is yet to be named to star

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