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Stable business climate for investors in Sri Lanka - PresidentSRI LANKA'S Economic policy is designed to ensure a modern and balanced economic management in which domestic enterprises are supported and foreign investments encouraged, said President Mahinda Rajapakse in his address at the Breakfast Meeting with senior corporate leaders of India. SAFTA comes into effectTHE South asian Free Trade Area (SAFTA) paves the way for free trade in goods among the SAARC member nations with effect from yesterday. As per agreement, which the Union Cabinet had ratified on December 29, India and Pakistan and Sri Lanka will bring their customs duties to zero per cent by 2013 while the least developed members, Nepal, Bhutan, Maldives and Bangladesh will do so by 2018. |
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President Mahinda Rajapakse addressing the Indian business community at the Mayura Sheraton Hotel, New Delhi. Enterprises Development and Investment Promotion Minister Rohitha Bogollagama and several other officials also participated. |
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