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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka – China Free Trade Agreement and 2015 budjet

Sri Lanka – China Free Trade Agreement and 2015 budjet

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NilangaG


Manager - Equity Analytics
Manager - Equity Analytics

As all of you are aware, I think it's worth looking at the effect on the market by Sri Lanka – China Free Trade Agreement and 2015 budjet.

We are currently exporting 1) animal and animal products, 2) vegetable products, 3) food stuffs, 4) plastics/rubbers, 5) textiles and 6) stone glass to China. I have heard that it will be more favourable for the textile industry.

Therefore, I think this will make a significant impact on the future market and better to look at relevant shares. We should also think about the coming budget.

What do you guys think?

2Sri Lanka – China Free Trade Agreement and 2015 budjet Empty Sri Lanka - China Free Trade Agreement Fri Aug 29, 2014 10:54 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

Free Trade Agreements generally benefit the smaller country more than the bigger one, relative to the size of each country's economy. For example, Mexico benefited the most from the North American Free Trade Agreement (NAFTA), which involves the US, Canada and Mexico.

The same could be the case for the Sri Lanka - China Free Trade Agreement.

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Antonym wrote:Free Trade Agreements generally benefit the smaller country more than the bigger one, relative to the size of each country's economy. For example, Mexico benefited the most from the North American Free Trade Agreement (NAFTA), which involves the US, Canada and Mexico.

The same could be the case for the Sri Lanka - China Free Trade Agreement.

In that case, I don't agree with you, generally big countries are more benefited than the smaller countries. Bcz they having higher economies of scale. There're pros and cons of any agreement and it depends on the country and agreement but especially, with highly exporting country, their cost of production is considerably less, so the  main risk cited with free trade is that it causes demand for domestic production to decrease, and therefore causes a drop in sales/profits at domestic businesses and potential job losses. Also, government revenues are decreased by the reduction in tariff charges collected.

As per the view of China, they're exploring new markets for their massive exports. They looking to enter South Asian market because of high population and their main target is India.
I think SL should handle these free trade agreements very carefully in order to avoid pitfalls especially with massive exporters like India and China, and we should enter if its only more favorable for us in long term...

Eng Krishantha

Eng Krishantha
Expert
Expert

Rolling Eyes Rolling Eyes Rolling Eyes

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