Sri Lankan Prime Minister is set to announce several MoUs
on developing energy and infrastructure projects in Trincomalee and
fast-tracking negotiations for an upgraded free trade agreement — the
Economic and Technical Cooperation Agreement (ETCA).
Mr. Wickremesinghe, whose visit is expected to confirm a
number of agreements to be announced during Prime Minister Narendra Modi’s
visit to Sri Lanka from May 12 to 14, will meet Mr. Modi, Sushma Swaraj,
Rajnath Singh and Nitin Gadkari.
Indian Govt hoped to see the agreement on the Trinco Oil
storage and the development of infrastructure — highways, power plants, a
refinery and an SEZ — around the key port town of Trincomalee to be wrapped
Oil union workers in Colombo went on a strike against the
planned MoU with India for 84 tanks in the Trincomalee upper oil tank farm,
of which Sri Lanka is keen to retain at least 10 for use by the Ceylon
The unions called off the strike that hit fuel supplies
in the country on Monday, but claim they have an assurance that their
concerns over leasing the tanks to India will be taken into consideration
before any announcement is made.
Commerce Ministry said India had sent a team to Sri Lanka
recently to make presentations on the benefits of widening the FTA and had
formally asked the government for a list of perceived “non-tariff barriers”
that businessmen were complaining about.