Exclusive zone for Pakistani, Indian markets

ISLAMABAD—Industrial zone should be set up in Sri Lanka to cater to Indian and Pakistan Markets needs,Nawaz Rajabdeen, President, Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) said Wednesday. He said Sri Lanka has signed Free Trade Agreements with India and Pakistan and as such all what is manufactured in Sri Lanka with 35 percent value addition could be exported to these two countries with zero tariff charges,The Island reported. He said that, but if those products are exported to those countries direct from China a heavy export duty will have to be paid when crossing the products to India or Pakistan.—Online