CEPA / ETCA and how it'll affect the Sri Lankan IT industry
More Information:
The following information won't tell you whether the agreement is good or bad, but it will try to lay out roughly what it is.
- Indo-Sri Lanka Economic And Technology Cooperation Framework Agreement (ETCA)
- Services Schedules under the proposed Comprehensive Framework for Cooperation between Sri Lanka and India (Annexure 3)
If you have time, best to read up about it here - Ceylon Chamber Of Commerce. In short, countries have worked on free trade agreements for goods, and now they are working on free (or more free) trade in services. These services come in different modes, the controversial one being Mode 4, where a human moves from one country to another. Services account for nearly 60% of Sri Lanka's GDP and these sort of agreements are becoming more and more common.
Note that these are not official documents. The actual documents may be completely different, these are just for reference purposes.
What should I think?
We don't know. This could cost jobs or it could create growth for everyone - the relevant parts haven't really been negotiated yet. Read and chat around and decide for yourself.
We don't know. This could cost jobs or it could create growth for everyone - the relevant parts haven't really been negotiated yet. Read and chat around and decide for yourself.
Source: yamu.lk
Last edited:
