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- India and Sri Lanka’s 12th round of talks on the Economic and Technology Cooperation Agreement (ETCA) concluded in Colombo, Sri Lanka.
- It is a significant step in revitalizing the bilateral economic relationship.
- Delegations from both sides discussed various issues including Trade in Goods, Technical Barriers to Trade, and Trade in Services.
- Both sides agreed to continue discussions on matters including apparel quotas and pharmaceutical procurement.
- India-Sri Lanka ETCA is an important move to further enhance bilateral trade between the two countries.
- India is Sri Lanka’s largest trading partner with an overall bilateral merchandise trade of 5.45 billion dollars in 2021.
- The negotiations will open new trade and economic cooperation opportunities for both countries.
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