Cabinet subcommittee initiates discussions on economic progress

The three Cabinet sub-committees, appointed by the President last month to negotiate with China, Japan and the Middle East Region on economic matters met for the first time on the 9th and 10th of March at the Parliament under the chairmanship of the Foreign Minister.

The Foreign Minister outlined that the President has appointed the Cabinet sub-committees to explore an economic way forward in collaboration with reliable trading partners to create a facility that supports trade.

The Cabinet sub-committees on China was briefed on the current progress related to the ongoing negotiations in respect of the proposed China – Sri Lanka Free Trade Agreement, while the Committee agreed to fast-track the possible next steps in consultation with the relevant stakeholders at the earliest.