* Says catalyst for bolstering intra-regional trade, now at a dismal 5%
*Discloses that 70% of the Indo- Lanka trade is outside FTA
July 15, 2012, 12:00 pm
By Ravi Ladduwahetty
External Affairs Minister Prof. G.L. Peiris on Friday implored the SAARC Chamber of Commerce to help remove non tariff barriers within the SAARC region which, he said, would bolster trade within the region, which now stands at a microscopic 5%.
He was addressing a one day seminar themed: "Trade facilitation in South Asia: Addressing barriers to foster trade chain" at Hotel Taj Samudra. It was organised by the SAARC Chamber of Commerce and Industry in collaboration with the Federation of Chambers of Commerce and Industry of Sri Lanka and in partnership with the Reiedrich Naumann Stiftung Foundation.